Rapid payment, points systems key attractions of electronic money

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Do you have contactless IC card-type of electronic cash? graph of japanese statisticsThe next milestone for electronic cash, the subject of a recent survey from goo Research (the 14th in the regular series) and reported on by japan.internet.com, is two-thirds of the sample having experienced electronic cash, a figure which should be reached by summer, I suspect.

Demographics

Between the 15th and 18th of February 2010 1,086 members of the goo Research monitor panel completed a private internet-based questionnaire. 52.8% of the sample were male, 15.9% in their teens, 18.0% in their twenties, 21.5% in their thirties, 16.3% in their forties, and 28.3% aged fifty or older.

Note that the survey is looking only at credit card form-factor cash, not IC chips embedded into mobile phones.

I use mine mostly for trains and in-station shops, as it doesn’t come out of my monthly budget. When I first got my card I did use it at a restaurant and book store, but I found out that thrice as many points were on offer if I used the credit card function instead!

Research results

Q1: Do you have contactless IC card-type of electronic cash? (Sample size=1,086)

Currently have (to SQs) 57.6%
Used to have 4.6%
Never had 34.7%
Don’t know what a contactless IC card is 3.0%

Although 626 people had electronic cash, only 593 people, or 94.7%, were currently using their card, although it didn’t report how the remaining 5.3% was split between ex-users and never used.


Q1SQ1: Why do you use IC card-type electronic cash? (Sample size=593, multiple answer)

  Votes Percentage
Shortens payment time 380 64.1%
Can get points 301 50.8%
Don’t end up with a pocketful of change 246 41.5%
Can pay for things without carrying money 209 35.2%
Can use at shops I often visit 162 27.3%
Don’t need to pay attention to how much money I’m carrying 110 18.5%
Feature came with a cash card, season ticket, etc 69 11.6%
Handy to have a record of purchases 55 9.3%
Handy that I don’t have to go to the bank to withdraw money 47 7.9%
Safer than real money 26 4.4%
Other 22 3.7%

Q1SQ2: At what kinds of locations do you use IC card-type electronic cash? (Sample size=593, multiple answer)

  Votes Percentage
Public transport (train, bus, etc) 420 70.8%
Convenience store 332 56.0%
In-station shops 207 34.9%
Supermarket 158 26.6%
Vending machine 151 25.5%
Fast food restaurant 62 10.5%
Electrical superstore 47 7.9%
Drug store 42 7.1%
Restaurant 31 5.2%
Book store 31 5.2%
Online shopping 20 3.4%
Cafe, coffee shop 17 2.9%
Department store 8 1.3%
Taxi 8 1.3%
Work, school restaurant 7 1.2%
Hospital 0 0.0%
Other 12 2.0%
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1 Comment »

  1. patrick said,
    March 19, 2010 @ 02:51

    I can’t wait until that goes into place…But I wonder if we’ll ever reach a point where cash isn’t accepted anymore?

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