News about Nikkei.
September 1st, 2016
Google is collaborating with financial services giant Mitsubishi UFJ Financial Group to launch its Android Pay mobile payment service in Japan this autumn. “Android Pay initially will incorporate debit cards issued by Bank of Tokyo-Mitsubishi UFJ,” Nikkei reports. “The digital wallet also will use credit cards issued by Mitsubishi UFJ Nicos by year’s end at the soonest. Google is negotiating with East Japan Railway Company, NTT Docomo, Rakuten, JCB and other Japanese digital money providers to make their reader systems compatible with Android Pay.”
June 7th, 2016
Chinese internet giant Tencent is working to roll out its WeChat Pay mobile payment service to 10,000 Japanese stores by the end of 2016. “WeChat Pay, linked to the popular WeChat messaging app, lets its more than 300m users pay via smartphone at 300,000-plus locations in China,” Nikkei reports. “Only a few Japanese stores have adopted it so far. The plan is to have 20,000 stores in Japan accept WeChat Pay as soon as possible.”
April 12th, 2016
Financial services provider Orix is to promote Ant Financial’s Alipay mobile payment platform in Japan and encourage more stores to accept the service. “The Japanese group will offer leasing of the terminals, which can cost up to 300,000 yen (US$2,685) or so to buy, to reduce adopters’ upfront expenses,” Nikkei reports. “Orix will market Alipay mainly to retailers popular with Chinese tourists.” The report comes as Alipay announced its expansion into Europe last week.