3 Incredible Things Made By Consumer Payment Systems Japan to Benefit Major Banks Japanese Corporate Police have taken to adding e-commerce on its mobile phones to provide the necessary protection. Thousands of shoppers shop on mobile telephones at major stores around the world. On average one shopper spends 3.1 billion yen ($5,737) a year on smartphone calls, according to Akiti Research. Prime Minister Shinzo Abe said Tuesday he hopes to add that number to the country’s mobile phone billings database by the end of November, to ensure customer safety.
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As part of the plan, the central government has allocated the first of a $100 billion to add e-commerce to its services suite, while other private and annual schemes will be supported in conjunction with the sales bureau of the Central Bank. The project, which would be funded using an estimated $1 billion from the economy and funds from a series of investment efforts by International Monetary Fund and other international agencies will be implemented by March. The public sector and Bank of Japan are the two main vendors for e-commerce services in Japan. Home shoppers and household shoppers are the biggest purchasers, with 70 percent of online purchases paying for shopping through the company’s mobile phones. The Home Shopping Network, a social sharing platform developed by Konno Kantai and Kojie Media, is the flagship service for online shopping app Rakuten Market’s online partner.
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Its launch is the latest effort at the e-commerce market that stands to benefit greatly from the adoption for Japan’s online content delivery network. Japan is an up market for the whole of the Internet beyond traditional platforms such as YouTube and Amazon Web Services in addition to adverts created on websites such as Rakuten. EBM Chairman Yasumasa Hirakawa spoke at the launch event on April 6. “(If we] take the government on a big deal for financial protection, industry companies or the city government themselves will use it to ensure that e-commerce is not conducted by individuals or businesses,” he stated. Prime Minister Abe proposed to increase shipping costs (to ¥39.
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5 billion yen), add online payment terminals to its services suite and eliminate find this the financial barriers to integrating e-commerce with existing services. Japan is currently struggling with a population of only about 3.4 billion residents, nearly half of whom are only able to use ATMs and mobile companies to pay for e-commerce as of March 31. At the same time, the number of people living in poverty is soaring and an estimated 682 million people are over 65. The Government of Japan will have to invest $25 billion over the next five years to bring up to 3.
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3 billion yen of additional cash by the end of 2016. (END)
