TravelNewsAsia.com

MasterCard to Deploy 410,000 Contactless Terminals in Japan

Travel News Asia Latest Travel News Podcasts Videos Friday, 7 June 2013
 

MasterCard has a target of deploying 410,000 MasterCard PayPass-enabled point of sale (POS) terminals throughout Japan over the next three years.

PayPass, which is presently accepted at approximately 866,000 merchant locations in 51 countries, is offered by more than 200 issuers worldwide.

In February, MasterCard announced strong growth of contactless payments on MasterCard-enabled cards across the Asia Pacific, Middle East and Africa region in 2012, citing a 28% (YoY) increase in merchant locations.

The early adoption and penetration of contactless payments in Japan, ahead of other countries, saw transactions amounting to over 2 trillion yen in 2011, according to the Bank of Japan. Contactless payments continue to expand at a rapid rate, in part due to the increased use of NFC payments.

MasterCard contactless payments can be made at popular retailers including Macys, Walgreens and Toys R Us in the U.S.; Transport for London, Marks & Spencer and Carrefour in Europe; city taxis in Singapore and Taiwan; and Shin Kong Mitsukoshi, 7-Eleven and Starbucks in several locations across Asia.

MasterCard contactless payments are ideal for everyday spend, and in Japan, signatures have not been required for MasterCard contactless purchases under JPY10,000 (equivalent to US$95) since October 2012 for greater ease and convenience.

The 410,000 MasterCard contactless terminals will be deployed by domestic card companies including Mitsubishi UFJ NICOS, Sumitomo Mitsui Card, Orient Corporation and UC Card.

Robert Luton, division president of MasterCard Japan said, Consumers around the world are embracing the contactless payment experience. With the introduction of MasterCards contactless terminals across the country, cardholders traveling from abroad will get the benefit of safe and secure contactless payments in Japan. We look forward to providing more contactless payments opportunities for cardholders around the globe when they visit Japan, through a wider range of MasterCard-enabled cards and devices.

MasterCard, Japan

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2023 TravelNewsAsia.com