MasterCard makes contactless push in Japan

MasterCard makes contactless push in Japan

MasterCard is to expand its PayPass footprint in Japan with a pledge to deploy 410,000 contactless terminals throughout the country over the next three years.

In February, MasterCard announced strong growth of contactless payments 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.

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

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