Preparation of a System for Accepting Applications for Affiliated Stores Completed and Schedule of Explanatory Meetings Released
Efforts under the Project for Encouraging Businesses to Introduce Cashless Payment Systems and Pass on Benefits to Consumers
May 16, 2019
As an effort under the Project for Encouraging Businesses to Introduce Cashless Payment Systems and Pass on Benefits to Consumers, also known as the Project for Passing on Premium Points to Consumers, the Payments Japan Association has completed the preparations for a system through which participating cashless payment companies will accept applications from stores that wish to participate in the project (hereinafter referred to as the “affiliated stores”) and then register the affiliated stores with the secretariat of the project. In response, cashless payment companies themselves that have completed preparations will start accepting such applications. In addition, the association has released the schedule of a series of explanatory meetings concerning the project for businesses located in shopping districts across Japan.
Outline of the project
On October 1, 2019, the consumption tax rate will be raised in Japan, and along with this, Japan will take measures to level consumer demand. As part of these measures, the project aims to support SMEs and small enterprises in passing on premium points to consumers through their cashless payment systems for a limited period of nine months from the date of the start of the consumption-tax rate hike. This initiative will also be conducted for the purposes of improving the productivity of SMEs and small enterprises and enhancing consumer friendliness through introducing cashless payment systems into new businesses.
As an effort under the project, the association has completed the preparation of a system through which participating cashless payment companies will accept applications from stores and will register the affiliated stores with the secretariat of the project. In response, cashless payment companies that have completed their preparations will start accepting such applications.
In addition, the association is scheduled to hold a series of explanatory meetings concerning the project in a variety of places across Japan targeting SMEs and small enterprises. As the first step to this end, it has released the schedule of the explanatory meetings targeting businesses in shopping districts across Japan. For more information, visit the following website.
The association will hold another series of explanatory meetings targeting cashless payment companies in 10 places across Japan, starting on May 17, 2019, in Tokyo. If you wish to attend any of the meetings, visit the website below and complete a registration form.
Division in Charge
Cashless Payment Promotion Office, Commerce and Service Industry Policy Group