Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Mobile Contactless Payment Holds Huge Potential for Japanese Smart Card Market - The Japanese smart card market has achieved a highly developed stage, recording a growth rate of 30.5 per cent in 2006, largely contributed by the implementation of various contactless programs in transit and payment applications
Mobile Contactless Payment Holds Huge Potential for Japanese Smart Card Market

 

PRZOOM - /newswire/ - Singapore, Singapore, 2007/08/09 - The Japanese smart card market has achieved a highly developed stage, recording a growth rate of 30.5 per cent in 2006, largely contributed by the implementation of various contactless programs in transit and payment applications.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Consumer/Shopping Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Constant efforts being made to introduce higher capacity cards and faster processing speeds indicate the vibrancy of this market in a country that has always been known for its rapid adoption of cutting-edge technology.

'Contactless smart cards have been highly successful in Japan’s transportation sector, notably in its railway system that forms the backbone of this sector," says Frost & Sullivan Research Analyst Navin Rajendra. "With a high volume of traffic – more than 2 million commuters – passing through Japan’s major railway stations everyday, contactless smart cards have proved to be extremely effective in improving processing speeds."

The rail companies that have issued contactless cards are continually refining and adding new applications on to these cards. Some rail companies offer concessions to commuters that pay with a smart card rather than with cash, while some others allow loyalty points to be added onto the card every time it is used, which can be redeemed later for a ticket fare.

The Japanese Government is also encouraging the use of contactless smart cards to ease worsening congestion. The Electronic Toll Collection (ETC) system is one such initiative that has been well received, and more than 50 per cent of vehicles in the country have already been fitted with an ETC smart card as of the beginning of 2006. The transport ministry has announced its intention to increase this percent share as they feel it is an important tool for convenience of pay, especially with traffic congestion increasing by the year.

"With contactless smart cards widespread in Japan, the next stage is the integration of a smart card with a phone for payment, fare collection, and access control applications," notes Rajendra. "The future of smart cards in Japan lies in integrating various key applications on to a single form factor, namely the mobile phone."

Implementing smart card functions on an easy-to-use and virtually ubiquitous device such as the mobile phone will allow users to perform a variety of tasks such as making reservations or cancellations, viewing the news, and browsing the Internet. This will be possible due to the widespread adoption of 3G services in Japan, which account for more than 70.0 percent of the mobile subscription base.

Transit applications are already being integrated on wallet phones, called Osaifu Keitai in Japan. The phone basically functions as the commuter’s ticket but also allows him/her to make grocery or small-value purchases at designated stores. Plans are underway to make the wallet phone act as an ID card for private companies. With more than 30 million such phones already in circulation, further applications are expected to be added in the near future.

The practice of making small-value payments through such phones is gradually gaining popularity in Japan, which has traditionally been a cash- and not credit-oriented society. However, the Japanese are becoming more comfortable using small-value payment cards because of the convenience offered by the contactless interface, and this is reflected in the number of transactions – more than 1.8 million a month – registered on cards such as the Edy card.

Companies are now trying to make payment cards and transit cards interoperable throughout the country. Currently, many transit and payment cards in the country are not interoperable, restricting the use of a card to one particular region. This is a key issue that needs to be resolved to convince the user to do away with cash payments.

"In such a highly developed market, it is important for companies to make their respective cards interoperable throughout the country to generate new revenues from different regions and increase their market share," explains Rajendra. "There are already plans of interoperability of transit cards between certain regions."

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of Japan Smart Card Market, then send an email to Donna Jeremiah, Corporate Communications, at donna.jeremiah[.]frost.com with your full name, company name, title, telephone number, fax number, and email address. Upon receipt of the above information, an overview will be sent to you by email.

Japan Smart Card Market, part of the Smart Cards Growth Partnership Service, and provides an in-depth analysis of smart card trends and technology in key applications in Japan. It also provides an analysis of major drivers and restraints impacting the Japanese smart card market. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Consumer/Shopping Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Consumer/Shopping articles,
CATCH Visitors via Your Competitors Announcements!


Mobile Contactless Payment Holds Huge Potential for Japanese Smart Card Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Donna Jeremiah 
+603 6204 5832 donna.jeremiah[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Consumer/Shopping via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Consumer/Shopping Most Recent Related Press Releases:

Leviton Introduces Five New Architectural Edition Powered by JBL® Speakers
Samsung SmartThings and Leviton Manufacturing Co., Inc. Announce Strategic Partnership to Offer Whole House Automation through Distribution Channel
You Design, We Print - Prinfab® Launches An Online Fabric Marketplace
Method Lights Launches the Next Evolution in Picture Lights
Frost and Sullivan Lauds Plantronics for Humanizing the Technical Services Experience
Frost & Sullivan Lauds Friendly Technologies’ Customer-Focused Unified Device and Smart Home Management Solutions
Frost & Sullivan Lauds Welltok, Inc. for Revolutionizing the Population Health Management Space through its Analytics-driven, Incentive-based CaféWell
Frost & Sullivan Commends Hisense for its Strong Product Offerings and Aggressive Expansion Strategies in the Smart TV Market
Fall Protection Vendors Trust Services to Extend Revenue Streams Beyond Product Sales Finds Frost & Sullivan
Belkin Introduces Charge Dock with Integrated Charging for the Apple Watch + iPhone

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today