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Tag: cashless

Mar142021 by adminNo Comments

Japan Post, Rakuten tie-up in digital delivery, cashless pay

Technology
Japan’s giant postal system says it is investing about $ 1.4 billion, for an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areasBy YURI KAGEYAMA AP Business WriterMarch 13, 2021, 3:38 AM• 2 min readShare to FacebookShare to TwitterEmail this articleTOKYO -- Japan’s postal system is investing 150 billion yen ($ 1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.Rakuten's shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post's gained 4.9%.Japan Post Holdings President Hiroya Masuda said Friday that the deal brought together “the digital and the real.”The cooperation between the old-style analog mail and Rakuten, foun...
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Jul142017 by adminNo Comments
Visa considers incentives for UK firms to go cashless

Visa considers incentives for UK firms to go cashless

Business
Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US. The payments company is selecting 50 small companies in the US to receive $ 10,000 if they only use cards.The companies have to bid for the money by explaining how going cashless would affect them, their staff and customers.However, the idea has been criticised by consumer groups, who say cash is still vital for many people."It is easy to categorise it as a bribe, but ultimately they are incentivising companies to do away with cash, and that's not the job of people like Visa," said James Daley of consumer group Fairer Finance.In any case, the offer could be of limited appeal to many retailers, who have to pay fees every time a customer uses a debit or credit ca...
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