by Didi Rankovic, via Activist Post:
If all goes to plan, by the spring of next year, companies in Japan will be able to use a system to pay salaries digitally, bypassing bank accounts and using payment apps instead.
This is the Japanese government’s plan that shows the country is trying to catch up with others in Asia when it comes to moving towards a cashless society, says a piece published on the World Economic Forum (WEF) website.
Japan’s stated goals of introducing a digital salary payment system are to help foreign workers who cannot open a bank account in the country, as well as to boost growth, financial services market and deregulation, and lower administrative fees, the blog post says.