How Japan is Moving Towards a Cashless Society

The Japanese government is preparing to introduce a system for companies to pay salaries digitally. By promoting this system, which allows companies to transfer salaries to workers using smartphone payment apps, the government hopes to solve the complex issues facing foreign workers in Japan, expand the financial services market and deregulation, and promote growth. However, according to a survey of 247 companies less than 30% of companies are considering or will consider implementing digital salary payment.