The share of cash in Japan's in-store payments declined further, but still held the highest market share come 2023. The source predicts that coins and paper money will remain a major payment method in Japanese physical stores, although it will eventually give way to mobile wallets. One notable wallet that is predicted to see more use is that of PayPay, an app responsible for nearly half of the QR code payments in the country. Alongside PayPay, the user count of both Line Pay and Rakuten Pay are forecast to increase by around 33 percent between 2020 and 2025.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Japan from 2017 to 2023, with a forecast for 2027
* The source changed its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Japan from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1296711/preferred-payment-methods-japan/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Japan from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1296711/preferred-payment-methods-japan/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Japan from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1296711/preferred-payment-methods-japan/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Japan from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1296711/preferred-payment-methods-japan/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Japan from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1296711/preferred-payment-methods-japan/ (last visited November 21, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Japan from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1296711/preferred-payment-methods-japan/
