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- 2024 Ratio of Cashless Payment Among the Total Amount Paid by Consumers Calculated
2024 Ratio of Cashless Payment Among the Total Amount Paid by Consumers Calculated
The ratio was 42.8%, exceeding the government goal of 40%
March 31, 2025
Aiming to achieve the government goal of increasing the ratio of cashless payment among the total amount paid by consumers (hereinafter referred to as the “cashless payment ratio”) to around 40% by 2025, the Ministry of Economy, Trade and Industry (METI) has been advancing efforts for promoting such payment in collaboration with related ministries and agencies. As part of the efforts, METI has been calculating and publicizing cashless payment ratios on a regular basis.
The cashless payment ratio in 2024 was 42.8%, and the government goal of 40% has thus been achieved. METI will continue to make necessary improvements to boost the ratio to 80%.
1. Overview of the calculation results
In 2024, the cashless payment ratio steadily increased to 42.8% (141.0 trillion yen). Looking at the breakdown of the ratio by numerator, credit cards accounted for 82.9% (116.9 trillion yen), debit cards for 3.1% (4.4 trillion yen), electronic money for 4.4% (6.2 trillion yen), and code payments for 9.6% (13.5 trillion yen).
Reference: Government goals
Cashless Vision (announced in April 2018)
Make necessary improvements in order to raise the percentage of cashless transactions to the world’s highest level, specifically to 80%
Follow-up on the Growth Strategy (approved by the Cabinet on June 21, 2019)
Double the percentage of cashless transactions to about 40% by June 2025
2. Calculation method
After the release of the previous year’s results from certain data sources, METI, on the basis of the calendar year data, has been calculating and publicizing the cashless payment ratio every year based on the following formula as an indicator in ascertaining the progress in the dissemination of cashless payment.
- Japan Consumer Credit Association (JCA)
Note: In or before 2012, METI used estimates based on the results of questionnaire surveys that JCA conducted targeting credit card companies as JCA members, while in and after 2013, METI has been using actual values registered in designated credit information organizations. - Japan Electronic Payment Promotion Organization (until 2015); and Payment and Settlement Systems Report and Payment and Settlement Statistics, which are released by the Bank of Japan (in and after 2016)
- Payment and Settlement Statistics released by the Bank of Japan
- Trends in Use of Code Payment released by the Payments Japan Association
- National Accounts of Japan (nominal values) released by the Cabinet Office
Related Link
Division in Charge
Cashless Payment Promotion Office, Commerce and Service Industry Policy Group