Apple has been expanding its Apple Pay mobile payment system to more countries this year, and now it looks like it will be launching in Japan next year.
According to a recent report by Nikkei Asian Review, Apple is teaming up with Sony to launch Apple Pay in Japan, and this will apparently happen early next year.
Partnership with Sony and FeliCa Networks
The U.S. smartphone giant will team with FeliCa Networks to make the iPhone compatible with the technology, likely by adding a feature letting it communicate with FeliCa readers. iPhone users, who account for half of the Japanese smartphone market, will be able to use Apple Pay for contactless payment at convenience stores or vending machines with FeliCa-compatible terminals.
FeliCa is a contactless RFID smart card system developed by Sony, which is widely used in Japan for various applications, including public transportation, electronic money, and access control. By integrating FeliCa technology into Apple Pay, Apple aims to tap into the existing infrastructure and provide a seamless payment experience for Japanese consumers.
Impact on the Japanese Market
The introduction of Apple Pay in Japan is expected to have a significant impact on the mobile payment landscape in the country. With the widespread use of FeliCa technology and the high penetration of iPhones, Apple Pay has the potential to become a popular payment method among Japanese consumers.
In addition to convenience stores and vending machines, Apple Pay could also be used for other applications, such as public transportation and retail stores. This would provide a more comprehensive and versatile payment solution for users, further increasing its adoption and usage.
Moreover, the partnership with Sony and FeliCa Networks could pave the way for future collaborations and innovations in the mobile payment space. By leveraging each other’s strengths and expertise, Apple and Sony could develop new features and services that enhance the overall user experience and drive further growth in the market.
As soon as we get some more details on exactly when Apple will be launching their Apple Pay mobile payment system in Japan, we will let you guys know.
Source 9 to 5 Mac
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