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JFTC to survey cashless payments, setting fees, etc.

2019-10-23T07:45:57.577Z

With regard to cashless payments, which are becoming increasingly popular with the consumption tax rate increase, the Fair Trade Commission



JFTC Cashless Settlement Survey Investigation Fee setting etc. October 23 16:37

It is clear that the Fair Trade Commission will investigate the actual situation of transactions, such as whether financial institutions are hindering new entry of operators who perform settlement services, over cashless settlement, which is spreading with the consumption tax rate increase I made it.

In cashless payments using QR codes, financial institutions incur charges from payment providers when users charge a certain amount of money from an account of a financial institution to an application.

However, some financial institutions have suspected that it is not appropriate to set a high fee for their competitors.

Regarding this, Secretary General Yamada of the Fair Trade Commission said at the press conference on the 23rd: “If there are factors that can prevent new entry, it will hinder the improvement of convenience and options for users. I would like to look at the act of "from various angles", and made it clear that we will conduct a transactional survey for financial institutions and QR code payment operators.

The Fair Trade Commission will compile the survey results during the current fiscal year and consider necessary actions.

Source: nhk

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