Whenever a new payment service is launched in any part of the world, there is some initial excitement. In most cases, such launches go off without a hitch. That was not the case for 7-Eleven’s new mobile payment service known as 7Pay. In Japan, hundreds of people have had money stolen through this service in the first few days after its launch. Not a good sign for the company, and another clear warning as to how new payment methods should be scrutinized rather than embraced during the initial launch.
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