Japan’s new banknotes cause trouble for small businesses
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- Опубликовано: 2 июл 2024
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Japan began circulating its first new banknotes in 20 years on July 3, 2024. The nation’s existing bills will remain in use, but businesses that accept cash have been told to upgrade their payment machines. The change is not expected to have a major impact on most big operators such as ATMs providers and train-ticket vendors, but the high cost of new machines has been a headache for many small businesses.
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Imagine all those vending machines..., lol
To be honest, Japan announced the change almost two years in advance. Most countries will announce such changes only months before implementation.
I finally realized why casinos use chips instead of cold hard cash (apart from the really obvious reason)
Bill changes are so annoying, our coutry went through them way too often and using machines was a total headache as well as determining if the one you were holding was fake since the rules gwt too confusing as consequence of the too frequent changes
Its understandable,even their bus have this coin changing machine that will accept any amount you pay and still give you the exact change. Upgrading all of them to accept the new bill will be pretty much grandiose effort
Yes, yes. As it is usual in Japan, people don't wanna update. Reminds me of when Microsoft finished their updates for XP, some municipalities opted for disconnecting computers from the Internet because they didn't want to transition to the newer Windows.
meanwhile in australia... the government owned machines couldnt even handle new notes when they rolled out
New 500 円 coin from 3 years ago still create problem all over Japan, even in big stations.
All of those machines could have been upgraded to nfc payment years ago anyways, so now they have the chance to upgrade both at once.
All they need to update is the bill acceptor, not the whole machine.
For a country that innovates, Japan surely is reluctant to change.
I remember my family using these ticket machines at a bathhouse in Kyoto. We had no idea how to use the manual ticket machine that took cash only.
No need for the banknote update, Japan. You just need to dump us bonds often😂
Only the part that reads the bills need to be hot swappable , changing the whole machine is ridiculous
Yeah. I never thought the effect of new bills on those vending machine. 😅
They should have set up a grant program a year ahead to update payment machines for those who apply before rolling out. That will give local businessed some relieve and a year to pay for say 50% of update cost. Here in america local towns have set amount of grants to spend on local businesses and infurstructors, i think japan have the same am not sure.
People are afraid of change too. I saw a video on some small European country that recently ditched their paper chip looking coins because the older generations refused to use them. It was supposed to be lightweight compared to coins but more durable than paper money.
Didn't know Japan has its own monopoly hat dude.
I'm really surprised that the hardware for accepting credit cards would be MORE expensive than the cash hardware upgrade. I wonder if they have some kind of high processing fees or something on stuff like that.
They should force the update so quickly give people time to do it