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One of the advantages of living (spiritually, if not physically) in two countries is you get to see the future arriving early, in both directions. In the almost twenty years I’ve lived in Japan, the linguistic and geographic barriers to understanding daily life here have lessened (a topic worth an essay in itself), but they are still formidable. This makes an international mindset a surprisingly durable source of alpha, even in professional fields, even ones which are intensely globalized.
Credit cards
Payment method heterogeneity
Cash
Electronic money systems
App-based payments
Convenience store payments
Bank transfers
Ambitions thwarted
The payments industry in Japan is evolving rapidly. Some trends are globally relevant.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~29 minutes (28K characters)
Release date
Nov 19, 2021