In 2021, the value of transactions settled with electronic money in Japan amounted to around 5.97 trillion Japanese yen, down by 1.1 percent compared to the previous year. While Japanese consumers preferred cash payments in the past, IC cards such as Suica and Pasmo are gaining in popularity as contactless payment options for transportation fares, in-store purchases, and online transactions.
Value of transactions with electronic money in Japan from 2014 to 2021 (in trillion Japanese yen)
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Bank of Japan. (February 28, 2022). Value of transactions with electronic money in Japan from 2014 to 2021 (in trillion Japanese yen) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/878347/japan-e-money-settlement-amount/
Bank of Japan. "Value of transactions with electronic money in Japan from 2014 to 2021 (in trillion Japanese yen)." Chart. February 28, 2022. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/878347/japan-e-money-settlement-amount/
Bank of Japan. (2022). Value of transactions with electronic money in Japan from 2014 to 2021 (in trillion Japanese yen). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/878347/japan-e-money-settlement-amount/
Bank of Japan. "Value of Transactions with Electronic Money in Japan from 2014 to 2021 (in Trillion Japanese Yen)." Statista, Statista Inc., 28 Feb 2022, https://www.statista.com/statistics/878347/japan-e-money-settlement-amount/
Bank of Japan, Value of transactions with electronic money in Japan from 2014 to 2021 (in trillion Japanese yen) Statista, https://www.statista.com/statistics/878347/japan-e-money-settlement-amount/ (last visited June 29, 2022)