Banknote makeover in July, prompts businesses to go cashless

Japanese banknotes are about to get their first design makeover in 20 years.

The new notes will have enhanced security measures and will include universal design features to make it easier to distinguish between each of them. They'll be put into circulation on July 3.

The bills will incorporate the latest anti-counterfeiting technology including 3D holograms whose appearance will change depending on the angle from which they are viewed.

High-definition watermarks on the portraits' background are also expected to strengthen the notes' security.

The Arabic numbers on the notes will be larger which will be a big help for people who are unable to read Japanese.

The banknotes will also have 11 raised lines that can be recognized by touch.

Some businesses are taking this overhaul as a chance to go completely cashless.

A Tokyo ramen shop that has been in business for the past 10 years gets over 200 customers per day. Many of them are workers in nearby offices, or are foreign tourists.

Until recently, the eatery had been using a ticket machine that accepted both cash and cashless payments.

But with the upcoming change in banknotes, the business knew it would have to upgrade.

So the owner decided to get a completely cashless machine last October.

The owner says that about half of the payments used to be in cash, but that customer traffic has not gone down.