The Ministry of Health, Labor and Welfare's council began discussions on whether to allow employees to pay wages with "electronic money," raising concerns about safety, such as whether wages would be preserved. ..
In response to the government's policy to review the system to allow employees to pay wages with "electronic money" to improve convenience, the Ministry of Health, Labor and Welfare is a council made up of representatives of labor and management. I started the discussion.
The Labor Standards Law basically pays wages in cash, and with the consent of employees, transfers to banks and other accounts are permitted.
However, payments to accounts opened by "fund transfer companies" that handle "electronic money" are not permitted.
At the council on the 28th, members of the labor union revealed various deficiencies related to electronic money, such as "the wages that are the compensation for labor should be fully protected" and "there are cases of illegal withdrawals." There were voices of concern about safety.
According to the Ministry of Health, Labor and Welfare, wage payments using "electronic money" are expected to be in demand by people who use cashless payments.
On the other hand, if a company or trader goes bankrupt, under the current system,
▽ "bank" protects deposits up to 10 million yen and refunds promptly, but
▽ "fund transfer trader" has a total balance. If the short period changes significantly, it may not be fully protected, and even if it is protected, it will take about half a year for the money to be returned.
In addition, the amount of compensation in the event of fraudulent withdrawal is that the "fund transfer company" does not currently have a unified policy by industry groups.
The council will further organize the issues and proceed with discussions.