# MUFG Emut Bank drops cash cards

> MUFG Emut Bank to be first major Japanese bank without cash cards.
- Title: MUFG Emut Bank drops cash cards · The Japan Times | Shortify
- Summary: 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…
- Keywords: mufg, emut, cash cards, digital banking, japan, mitsubishi ufj financial group, smartphone, The Japan Times
- Source: The Japan Times — https://japantimes.co.jp/business/2026/11/04/mufg-emut-cash-cards
- Author: No Author
- Published: 2026-11-04T11:04:00+00:00
- Read time: 1 min
- Topics: mufg, emut, cash cards, digital banking, japan, mitsubishi ufj financial group, smartphone, news, politics, world
## 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.
## Key takeaway

MUFG Emut Bank will operate without cash cards using smartphone QR codes starting in early 2027.