Redemption of cashless settlement points Over 1 million participating stores February 12 4:44
The number of participating stores exceeded 1 million under the cashless payment point redemption system that began last October. With half of the stores that can be targeted nationwide, this will be the focus of attention on how small and medium-sized stores will establish cashless payments.
This point redemption system is implemented in line with the consumption tax hike, and from October last year to the end of June, up to 5% will be returned if you pay cashlessly at small and medium-sized stores.
According to the Ministry of Economy, Trade and Industry, the number of participating stores was 500,000 at the beginning, but exceeded 1 million as of November 11.
The number of stores that can be eligible throughout the country is said to be 2 million, and half of them have participated in more than four months since the start.
However, many payment providers plan to increase commissions in July after the end of the system, and the burden on stores will increase.
For this reason, if stores participating in the system cannot realize the benefits such as increased sales, there are cases where cashless payments once introduced will be canceled, and this system has triggered many small and medium-sized stores. Will be noticed.