The mobile payments market in Japan
NFC mobile payments have been a reality in Japan since the launch in 2004 of FeliCa Networks, a joint venture between Sony and mobile network operator NTT Docomo — and long before the introduction of global standards for NFC technology or the rise of the smartphone. In this eight-page paper, Sony’s Masayuki Takezawa and Katsuyuki Teruyama explain the drivers behind Japan’s early adoption of NFC payments.