eurotechnology.japan.blog

E-money transactions (including mobile e-cash) grow exponentially in Japan, and we expect to see 1 Billion e-money transactions/month around 2014 (this figure would be much bigger if contactless train travel tickets were included). e-Money now represents about 2% of all cash (banknotes + coins) in circulation in Japan, a recent examination of e-money by the Bank of Japan shows. More below, and a detailed analysis in our mobile payment and e-money report, where we combine the newest data from the Bank of Japan with our own research data.

Exponential growth: The number of e-cash payments per month increases by a factor of 10 about every 4 years.

We expect 1 billion e-money transactions per month around 2014. Green curve shows payments with Suica, Pasmo and Edy (not including train travel). The blue curve shows data for all e-money transactions researched by the Bank of Japan.



Research by the Bank of Japan shows that e-money has reached the level of 2% of all cash in circulation (bank notes and coins).



To know more - and to find detailed statistical data: read our mobile payment collection of essential reports on mobile payments and e-money in Japan

Labels: e-cash, e-money, edy, felica, mobile payment, mobile suica, suica