Government wants shoppers to go digital

Government wants shoppers to go digital

The Japanese government wants shoppers to ditch their paper bills and coins -- and go digital instead.
An industry ministry panel of experts has proposed a target that doubles the number of cashless transactions in the country to 40 percent of the total by 2025. The longer-term goal is 80 percent.

Many Japanese people are still in the habit of using cash. One-in-five payments are done digitally, below levels in China, the US and Europe.

The panel expects cashless transactions will help businesses cope with a lack of workers.

It's proposing thorough security measures to protect personal information and also to ease consumers' concerns over data breaches and illegal money transfers.

The panel's other suggestions include tax benefits and subsidies.