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Japanese banks and banking network fees need more transparency for fintech access, antitrust report finds

By Toko Sekiguchi ( March 1, 2023, 04:36 GMT | Insight) -- Japanese banks and banking networks have made significant progress in opening up their systems to payment service apps and third-party account management services, but more could be done to increase transparency about the access to fund transfer fees the banks charge third-party services, an antitrust report said. Japanese banks and banking networks have made significant progress in opening up their systems to payment service apps and third-party account management services, Japan’s antitrust regulator found in a follow-up report on the 2020 survey on the relationship between institutional banks and fintech startups. But more could be done to increase transparency about the access and fund transfer fees the banks charge these third-party services, the report said....

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