politics

Tokyo Bars Shift Back to Cash Payments Following Credit Processor Bankruptcy

14 Temmuz 2026Japan Times

The recent bankruptcy of Zentoshin, a credit processor, has led to a resurgence of cash transactions in Tokyo's bars. This development is particularly notable as Japan had been making strides to move away from its cash-only reputation.
While the impact of this bankruptcy is limited, it represents a setback for the country's efforts to modernize its payment systems.
Japan has been working to modernize its payment systems, especially in light of the 2020 Tokyo Olympics, which aimed to showcase the country as a leader in technological innovation. The bankruptcy of Zentoshin could hinder these efforts, drawing attention back to cash transactions at a time when many countries are e…
The resurgence of cash in Tokyo's nightlife highlights the fragility of Japan's transition to a more digital economy. Despite advancements in payment technologies, the reliance on cash remains deeply ingrained in Japanese culture.

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