2% of all cash is electronic [ by eurotechnology.com ]

::: 2% of all cash is e-cash in Japan :::

Japan: e-cash is 2% of all coins and banknotes Oct 16, 2009

Greetings!

e-Money in Japan amounts to about 2% of the value of coins and banknotes in circulation in Japan.... this was one of the key messages of the presentation by our CEO at a lunch meeting of the American Chamber of Commerce in Japan (ACCJ) in Tokyo on October 7, 2009.
Many executives present expressed surprise how far developed e-cash and mobile payments are in Japan...
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Electronic money (e-cash) is rapidly growing in Japan.

There is about one e-cash card per Japanese citizen and the total amount of e-cash has reached 2% of the value of coins and banknotes.
Find more statistics in our Mobile payment, e-cash and keitai credit report, and many more details in our mobile payment collection of reports.

The figure above shows that Japan's transition from coins and paper money to electronic money and mobile-phone based money does not happen overnight, but is a slow and steady process stretching over several years.

Events:

Wednesday, October 7, 2009, 12:00 noon:
Gerhard Fasol: "e-Money, Mobile Payments, Mobile Commerce - Will cash become obsolete?"
American Chamber of Commerce in Japan (ACCJ) (for members)
(will follow content from our "Mobile payment collection")

Wednesday, October 21, 2009, 10:00am:
Gerhard Fasol: "Japan's media revolution"
Top management of one of Europe's large TV and media corporations (closed event)
(supporting material: our reports on Japan's media sector and on mobile TV)

Wednesday, October 22, 2009, 16:00pm:
lecture at the Business School of Meiji University, Tokyo

Wednesday, November 18, 2009, 8:00am (breakfast meeting):
Gerhard Fasol: "New opportunities vs old mistakes - foreign companies in Japan's high-tech world"
Netherlands Chamber of Commerce in Japan
(an updated version of a talk given at Stanford University, click here for the Stanford University presentation)

Founded in 1996/1997 in Tokyo, Eurotechnology Japan KK focuses on telecommunications and environmental industries. We work on M&A and help foreign companies grow in Japan, we help Japanese companies globalize, and we have advised about 100 investment fund managers over the years on technology industries. Our founder Gerhard Fasol works with Japan's telecom industry since 1984.
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Sincerely,

Your Eurotechnology-Japan Team
Eurotechnology Japan K. K.