Sayonara Lady Godiva

For 15 million Japanese, paper money is a thing of
the past, according to the Japan Research Institute. Electronic money has moved from the web to smart cards and mobile
phones. Newsfactor says it has become a way of life for many consumers in Japan:

The e-money trend began there roughly four years ago as a service
for busy, on-the-go train commuters. Today, specially equipped mobile
phones and smart cards are used to purchase items from convenience
stores, department stores, restaurants, newsstands, supermarkets, and
other retailers. The Japan Research Institute estimated that by 2008
some 40 million Japanese, roughly one-third of the country, will be
using electronic money.

Newsfactor Article