This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Japan's Zengin bank network to cut interbank transfer fee in response to JFTC-led criticism

By Toko Sekiguchi ( March 19, 2021, 09:04 GMT | Insight) -- Japan’s banking network announced that it’s slashing its interbank transfer fee by half, in response to government pressures that the decades-old fee was one of the barriers to entry for fintech startups to compete with the country’s financial institutions. The move comes nearly a year after the Japan Fair Trade Commission labeled the practice as outdated and in need of improvement.Japan’s banking network announced that it’s slashing its interbank transfer fee by half, in response to government pressures that the decades-old fee was one of the barriers to entry for fintech startups to compete with the country’s financial institutions....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections