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Recent Developments in Electronic Money in Japan

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  • Payment and Settlement Systems Department

    (Bank of Japan)

Abstract

During fiscal 2007, the use of chip-based electronic money services marked a significant increase in Japan. The total number of cards issued by six major electronic money service providers at the end of March 2008 recorded more than 80 million, and the total value outstanding reached JPY 77.1 billion. The value and volume of transactions settled using cards reached JPY 563.6 billion and 810 million, respectively, with each total posting significant growth. This trend of increasing use of electronic money as a payment instrument can be attributed to developments such as the recent entry of new providers of electronic money services, the start of interoperability service, and the increase in the number of common terminals.

Suggested Citation

  • Payment and Settlement Systems Department, 2008. "Recent Developments in Electronic Money in Japan," Bank of Japan Research Papers 2008-10-01, Bank of Japan.
  • Handle: RePEc:boj:bojron:08-e-1001
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    File URL: http://www.boj.or.jp/en/research/brp/ron_2008/data/ron0810a.pdf
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    Cited by:

    1. Park, Eunil & Kwon, Sang Jib, 2017. "What motivations drive sustainable energy-saving behavior?: An examination in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 494-502.
    2. O Rourke, Fergal & Boyle, Fergal & Reynolds, Anthony, 2010. "Tidal energy update 2009," Applied Energy, Elsevier, vol. 87(2), pages 398-409, February.
    3. Schmelzer, Matthias, 2015. "The growth paradigm: History, hegemony, and the contested making of economic growthmanship," Ecological Economics, Elsevier, vol. 118(C), pages 262-271.

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