Magazines Archives - 2007 July

E-Yen enjoying heady take-off in Japan
Story 10

E-MONEY is fast becoming the norm in Japan, with statistics from Nomura Research Institute Ltd indicating that the market could reach ¥690 billion (US$5.63 billion) in value this year and ¥2.8 trillion by 2011.

The number of e-money players swelled by 60% to 57 million in the year ended March 2007. About eight major types of e-money are in use and more retailers are joining in with their own e-payment services. Seven & I Holdings Co launched its own e-money, nanaco, last April, followed by Aeon Co with its Waon card.

As e-money gives access to consumer data, retailers can analyse customers’ consumption behaviour and meet their needs. However, a system of standardisation is needed to counter the inconvenience of various readers for different cards to free consumers from the hassle of having to hold several cards at one time.


2007 July Stories:

Japan leads in Asia-Pacific retailing

Coach makes Jakarta debut in premier location

Sign of pick-up in Japan’s retail

Best Buy makes foray into China

Winners of Marketing Your Retail Store

AOT’s concessions at new Thai airport draw big players

Polese joins FJ

Analysts warn of likely slowdown in online sales

Global study: E-payments boom forecast for China

Set up shop site by invitation only

E-Yen enjoying heady take-off in Japan

Asian retail SMBs to spend billions on IT this year

Abercrombie & Fitch purchases Oracle’s solutions

SAP expands to meet growing demand for mobile market

Identify the way to everyday business

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