From The Japan Times · No Author · · 40s
MUFG Emut Bank drops cash cards
MUFG Emut Bank to be first major Japanese bank without cash cards.
In brief
MUFG Emut Bank to be first major Japanese bank without cash cards. MUFG Emut Bank will operate without cash cards using smartphone QR codes starting in early 2027. Originally reported by The Japan Times.
MUFG Emut Bank
MUFG Emut Bank will be the first bank affiliated with a major Japanese financial group not to issue cash cards.
No cash cards
Customers will withdraw cash using smartphones with multiple authentication methods for security.
QR code payments
Quick response codes will be used for deposits and withdrawals at 29,000 Seven Bank ATMs.
Daily interest
Interest will be credited daily to improve services and redirect resources from card issuance costs.
The short version
MUFG Emut Bank will operate without cash cards using smartphone QR codes starting in early 2027.
