Japan Consumer Spending; Cards and Smartphones

Japan, it appears, is still a cash society, as evidenced by observations of consumers using cash at coffee shops and other places. Cards and smartphones for payments is increasing in Japan but its not like in Korea, where, it seems most consumers still use their smartphones to pay for coffee at coffee shops and other places. I for one, still think cash is a good thing, as not everyone uses their smartphone to pay for products, as cards and cash should still be a part or a balanced mix of an economy. But no doubt the use of smartphones for payments is increasing globally, and the same will happen in Japan too in the future. Cash and cards should always be a choice among consumers if needed.


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