Mitsubishi UFJ Financial Group Inc.'s credit-card unit expects to double transactions by 2020 in anticipation that Japan will become a less cash-oriented society by the time Tokyo hosts the Olympic Games that year.
Mitsubishi UFJ Nicos Co. and its group companies are targeting combined card transactions of ¥20 trillion ($197 billion), up from ¥10.2 trillion in the year that ended in March, the company's President Haruo Inoue said July 4.
"The key word is 2020," he said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.