Cashless settlement point return 1 billion yen per day
The cashless payment point redemption system started in line with the increase in the consumption tax rate revealed that an average of 1 billion yen per day was returned to users in the first two weeks. If this pace continues at a higher return than expected, the budget for the current fiscal year will be insufficient.
In the point reduction system, a maximum of 5% will be returned if you pay by cashless payment such as credit card at small and medium-sized stores.
The Ministry of Economy, Trade and Industry estimated cashless settlement for two weeks from the increase in the consumption tax rate on the 1st of this month. The average daily settlement amounted to 26.7 billion yen, and an average of 1 billion yen was returned to users. It means that.
The government has prepared 188.6 billion yen in the budget for this fiscal year as a cost for return, but if it continues to be used at this pace, the budget will be insufficient.
On the other hand, the number of stores participating in the point return system was 500,000 at the beginning, but is expected to reach 610,000 on the 1st of next month.
Since there are 2 million small and medium-sized stores nationwide, the Ministry of Economy, Trade and Industry will continue to call for participation.
A person in charge of the Ministry of Economy, Trade and Industry said, “Many people are making cashless payments, and the system is spreading to a certain degree. Talking