The $850 Million Bankruptcy Hiding in Japan’s Card Payments — Zentoshin and the Blind Spot of Cashless

Sekahan — Global Reactions
Sekahan — Global Reactions
The $850 Million Bankruptcy Hiding in Japan's Card Payments — Zentoshin and the Blind Spot of Cashless
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説明文:
In July 2026, a Japanese card-payment processor called Zentoshin went bankrupt with debts of about 125.9 billion yen — roughly 850 million dollars, the country’s largest corporate failure so far this year. Money that customers had already paid by card never reached the shops that served them. But the real story isn’t losing a price war to apps like PayPay. It’s that a high-risk form of finance — paying shops in advance, before the card money arrives — swelled for twenty years, propped up by cooked books. When a middleman that is neither a bank nor a licensed money-transfer operator controls the flow of sales, who protects the money moving through the payment system? We break down the blind spot of a cashless economy.
Note: online reactions are summarized from the tone of the original thread.
ブログ記事URL: https://sekahan0623.com/global-reactions/zentoshin-bankruptcy-payment/
X(旧Twitter): https://x.com/sekahan_0623
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