Could be part of it. Another angle is payment processors longing for stronger KYC. Felica is bound to a phone with a carrier on a national network, which basic

Could be part of it. Another angle is payment processors longing for stronger KYC. Felica is bound to a phone with a carrier on a national network, which basically guarantees full traceability of the user. Same for WeChat. PromptPay also binds to a bank account, so again it can be tracked at a gov. level.