Point reduction Consideration of additional budget request due to increase in participating stores Ministry of Economy, Trade and Industry November 12, 20:13
The cashless payment point redemption system that started on the 1st of last month increased the number of participating stores to 730,000. The amount returned to users exceeds the amount expected in the current fiscal year's budget, and the Ministry of Economy, Trade and Industry is considering seeking additional financial measures.
The point redemption system is a system in which a maximum of 5% can be returned when paying cashless payments such as credit cards at small and medium-sized stores.
According to the Ministry of Economy, Trade and Industry, the number of stores registered as of the 11th reached 730,000, and 36% of the 2 million small and medium stores nationwide covered by the system participated.
In addition, as a result of the increase in stores, the amount that has been returned to users as points has so far exceeded an average of 1.1 billion yen per day.
The government is preparing a budget for the current fiscal year, assuming that the cost for the return is about 1 billion yen per day, but it is increasing at a faster pace.
The Ministry of Economy, Trade and Industry is considering seeking additional financial measures as it may run out of budget.
On the other hand, the point return system will be one and a half months shortly after the start, but the registration process by the settlement operator is delayed, and there are some stores where the return cannot be started yet, so the Ministry of Economy, Trade and Industry will promptly review the business operator. Asks to do.