Future Finance
Japanese Banks Will Finally Stop Using a Piece of 1800s Technology
Personal stamps, or hanko, will no longer be required to open accounts or withdraw money at some of the country’s biggest lenders.
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It has taken more than a century, but Japanese banks are finally parting ways with a piece of technology that hasn’t felt cutting edge since the shogun reigned.
Hanko, the personal stamps required for even simple transactions in Japan since the 1800s, are getting phased out at some of the country’s biggest financial institutions.