To consider reducing fees between banks To spread cashless payments 6:22 on June 17

The FSA and the banking industry have begun to consider reducing fees in order to spread cashless payments based on the point that remittance networks that connect banks and remittance networks should be reviewed. It may also lead to price reductions such as fees when making transfers at banks.

Remittances between banks are carried out through a network called the "Zengin System," and there is a charge for using them.

You also need to contract with a bank to use the system for cashless payments.

However, the Fair Trade Commission noted that fees could not be reduced for more than 40 years, which could hinder the spread of cashless payments, and Prime Minister Abe will consider reducing fees at the government's future investment conference on the 16th. I instructed you to.

Based on these indications and instructions, the FSA and the banking industry began a concrete examination at a meeting of experts established by the National Bankers Association.

We are considering whether the fee can be discounted in the case of transactions that send small amount of money such as reduction of fee and cashless settlement many times.

If the remittance fee between banks is reduced, it may lead to a reduction in fees such as fees when individuals transfer money at banks.

The FSA and the banking industry are aiming to set a policy later this year.