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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.