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There are drawbacks too, usually such solutions are very Japan centric and hard to port to other countries, leading to Galapagos syndrome. One example is bulle
by harpratap 6y ago
There are drawbacks too, usually such solutions are very Japan centric and hard to port to other countries, leading to Galapagos syndrome.
One example is bullet trains - my most favorite form of transportation but sadly only few countries can adopt it with success similar to Japan.
Second is Osaifu-Ketai - I think this the best NFC based payment system in the world, extremely fast and almost no learning curve. But it took way too long to modernize it and put it inside smartphones. Is very inflexible. Licensing is too expensive so won't be ever globally opted, so we ended up with much inferior QR codes and slow NFC systems.
- aikinai 6y agoFor your second point, I think you meant FeliCa. Osaifu-keitai is the name of the integration with phones, but FeliCa is the name of the far superior NFC standard that never took off outside Japan.
- harpratap 6y agofelica did see usage as university cards but when I say "Osaifu Ketai" I mean the entire business model surrounding it too. Only Hong Kong successfully implemented it.
- aikinai 6y agoOh, if you mean the model and not the technology, Apple Pay has already accomplished far more than osaifu-keitai could ever hope to.
- harpratap 6y agoApple pay/Google pay is too slow, requires internet and has too many gotchas. And the entire thing is controlled by Apple and Google there's no competition. It's basically back to same old Visa & MasterCard duopoly.