JAPANESE COMPANIES EXPAND CONTACTLESS-PAYMENT PUSH
The past 24 months has seen more change occur then ever before in the payments market. Technology is finally becoming the enabler of such rapid change. As infrastructure gets updated, it allows new players to enter markets they previously had limited access to provide (payment related) services to.
The most interesting aspect is that much of the change is coming as lower-value payments gravitate up the value chain, rather than higher-value payments down. Infrastructure providers such as transit and parking operators are in unique positions to capitalize on these new opportunities. JD