List of Cashless Payment Companies’ Commission Charges, Deposit Cycles and Other Information Released in a Retrievable Form

1. Background

The Ministry of Economy, Trade and Industry (METI) inaugurated a study group of experts and others to discuss challenges in and measures for further dissemination and facilitation of cashless payment among small- and mid-sized stores, and since then, the study group has been holding discussions. On June 23, 2020, the study group held its second meeting and formulated “Guidelines on Cashless Payment Companies’ Information Disclosure to Small- and Mid-Sized Stores” as a recommendation to cashless payment companies that they should enhance efforts for disclosing and releasing their information on services, e.g., commission charges, to small- and mid-sized stores.

• Guidelines on Cashless Payment Companies’ Information Disclosure to Small- and Mid-Sized Stores (in Japanese) (PDF:271KB)

2. Disclosing and releasing commission charges, deposit cycles and other information

METI requested cashless payment companies participating in the Project for Encouraging Businesses to Introduce Cashless Payment Systems and Pass on Benefits to Consumers to cooperate in continuing and enhancing their disclosure and release of such information as commission charges and deposit cycles to small- and mid-sized stores and also requested that the association compile and release a list of such information in a retrievable form.

In response to the request, on July 1, 2020, the association released a list of cashless payment companies’ services for small- and mid-sized stores, including commission charges and deposit cycles, in a retrievable form on its website.

• Lists of service plans prepared by cashless payment companies for small- and mid-sized stores (in Japanese)

This disclosure and release of information is a result of compiling cashless payment companies’ information on services, (whose preparations are complete as of today, and details of disclosed and released information, approaches to such disclosure and release and other efforts are all provisional), which were prepared by referring to the items which were disclosed in the Project for Encouraging Businesses to Introduce Cashless Payment Systems and Pass on Benefits to Consumers.

The association will add new cashless payment companies’ information on services to the list once preparations are completed, while the cashless payment industry will continue to hold voluntary discussions on details of disclosed and released information, approaches to such disclosure and release and other efforts in a consistent manner in order to further improve the disclosure and release of information to small- and mid-sized stores.

Division in Charge

Cashless Payment Promotion Office, Commerce and Service Industry Policy Group