2 thoughts on “Is Japan's launch of "J" coins constitutes a "threat" to Alipay?”
Gina
Recently, several Japanese banks announced that it plans to launch a new type of digital currency before the 2020 Tokyo Olympics, which is temporarily named "J coin". The bank consortium led by Ruisui Financial Group and the Japanese Post Bank, which has been supported by the Bank of Japan and financial regulatory agencies. In the concept, J coins can not only achieve equivalent exchange with the yen, but also bind it with the bank account. If the user lifts money from its own bank account through the mobile app, it can be directly converted into J coins. When checking out at convenience stores or restaurants, the transfer fee between individuals will not generate a fee. The industry insiders believe that Japan's finance is to deal with Alibaba's threat to its local institutions in the field of mobile payment. According to relevant data from Alipay, the number of pens used by Alipay this year by National Day is more than 8 times the same period last year, and the per capita consumption amount has also increased significantly by nearly 50%.
Alibaba said that in the spring of 2018, it will also launch an electronic settlement service based on smartphones in Japan, and strive to win 10 million users within 3 years. In addition to Japan, Alipay and WeChat are also deployed in many places in the world. Recently, the Lafayette of Paris also launched WeChat payment, and attracts consumers to pay with a lower exchange rate.
Fu Bao, WeChat wallet, etc. belong to third -party payment and cashless payment methods. This is the trend of future payment. Third -party payment is a cardless. At present
Recently, several Japanese banks announced that it plans to launch a new type of digital currency before the 2020 Tokyo Olympics, which is temporarily named "J coin". The bank consortium led by Ruisui Financial Group and the Japanese Post Bank, which has been supported by the Bank of Japan and financial regulatory agencies.
In the concept, J coins can not only achieve equivalent exchange with the yen, but also bind it with the bank account. If the user lifts money from its own bank account through the mobile app, it can be directly converted into J coins. When checking out at convenience stores or restaurants, the transfer fee between individuals will not generate a fee.
The industry insiders believe that Japan's finance is to deal with Alibaba's threat to its local institutions in the field of mobile payment. According to relevant data from Alipay, the number of pens used by Alipay this year by National Day is more than 8 times the same period last year, and the per capita consumption amount has also increased significantly by nearly 50%.
Alibaba said that in the spring of 2018, it will also launch an electronic settlement service based on smartphones in Japan, and strive to win 10 million users within 3 years. In addition to Japan, Alipay and WeChat are also deployed in many places in the world. Recently, the Lafayette of Paris also launched WeChat payment, and attracts consumers to pay with a lower exchange rate.
Fu Bao, WeChat wallet, etc. belong to third -party payment and cashless payment methods. This is the trend of future payment. Third -party payment is a cardless. At present