Remittance fee between banks To request for de facto reduction Fair Trade Commission April 13, 4:39
It has been found that the Fair Trade Commission has in effect put together a report calling for a reduction in remittance fees between banks. He noted that fees have been fixed for many years and the basis for calculations is unclear.
The Fair Trade Commission is conducting surveys with banks and payment providers to understand the actual situation of cashless payments, which are becoming increasingly popular.
According to stakeholders, the results show that the FTC will be compiling a report next week that the fees for interbank remittances are unclear and should be corrected.
Remittances between banks are carried out via a network called the Zengin System, and fees are originally determined by negotiations between banks, but in reality, all banks will send less than 30,000 yen This means that remittances over 117 yen and 30,000 yen are set at 162 yen.
This fee has not been reviewed for more than 40 years, significantly exceeding the actual administrative costs.
With the spread of cashless payments increasing the amount of small remittances, the Fair Trade Commission seems to have determined that relatively fixed fees may be an obstacle to creating new financial services, and in effect, remittance fees Has to be reduced.