Cash is king again at Tokyo's bars after credit processor fails
3 hours ago
- #Credit card processing
- #Japan finance
- #Bankruptcy impact
- Host club manager Hide Kurosaki was shocked by his credit-card processor's bankruptcy, fearing disruption to 40% of sales.
- Zentoshin's sudden collapse affected bars, clubs, restaurants, and regional banks, forcing cash or QR code payments as alternatives.
- The incident is a setback for Japan, which has been moving away from its cash-only reputation, though impact is limited.