Edy contactless payment scheme to expand in Japan via cards and mobile phones
The payment network called Edy that was pioneered by Sony in Japan and later reorganized in the independent company called Bitwallet is making great strides. The network enables cardholders to pay for small dollar value transactions at merchant locations via a contactless chip. The user waves the Edy card–containing a contactless Felica chip from Sony–near a merchant terminal to conduct the transaction.
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