cashless
The Regulatory Reform Promotion Council held its 22nd session on December 25, 2024, and was reviewing its comprehensive interim report, which also included measures to simplify the rules for digital wage payments in order to promote a cashless society. Detailed discussion are to commence in the first half of FY2025,
CBDC
The Bank of Japan has published the minutes of the Eighth Meeting of the Liaison Council on Central Bank Digital Currency, held on November 25, 2024. Following the opening remarks from Director Kato, the Secretariat explained the progress status of the pilot experiment (Secretariat materials, pages 1-18). After that, the
CBDC
The second CBDC liaison meeting between the Bank of Japan and related ministries was held on December 2, 2024. The discussion focused on Central Bank Digital Currency (CBDC) data handling, privacy, and utilization.
japan
Digital Garage has launched "CurePort," an online payment service optimized for the medical industry, in joint operation with Resona. This initiative is based on the capital and business alliance between Digital Garage and Resona HD. Resona Group banks including Resona Bank, Saitama Resona Bank, and Kansai Mirai Bank
japan
JR East will progressively upgrade Suica's functionality over the next 10 years, transforming it into a digital platform as part of its mid-to-long-term business growth strategy, "Beyond the Border." Suica will evolve from a simple "travel device" to a "lifestyle device", seamlessly