Consider reviewing fees for interbank remittances Japan Bankers Association June 18 21:46

It has been pointed out that interbank bank remittance fees have not been reduced for many years, which has been a hindrance to the spread of cashless payments. He showed the idea to proceed with the review after verifying the costs.

Regarding remittance between banks that is carried out through a network called "Zengin System", it has been said that it has been hindering the spread of cashless payment provided by IT companies etc. for over 40 years because fees have not been reduced, Prime Minister Abe has instructed to proceed with the examination for the reduction.

Regarding this, Chairman Mitsuge of the Japan Bankers Association said at a press conference on the 18th, ``After investigating the current state of bank transactions and the cost of stable operation of the system, we will discuss it with the authorities and materialize it. I would like to think about it," and said that after reviewing the cost of remittance, we will review the fee.

In addition, Chairman Sange said in a meeting with experts of the National Bankers Association about a mechanism to expand the use of the remittance system currently limited to banks to businesses that handle cashless settlement. I showed the policy to discuss in. The council will decide the direction within this year.