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HOME Knowledge Insight Publications Capital Markets & IT - lakyara Capital Markets & IT -lakyara List Capital Markets & IT - lakyara April 2016 Debit-card PWCB services:challenges and outlook

Debit-card PWCB services:challenges and outlook

Apr. 11, 2016

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Japan's Financial Services Agency will reportedly authorize financial institutions to offer debit card PWCB (purchase with cash back) services, already popular overseas, as an outsourced cash-withdrawal service under banking laws. Although the requisite infrastructure upgrades will be costly and Japan's existing infrastructure and payment practices pose numerous difficulties, PWCB services could help bring about a cashless society through such means as reducing costs.

About the Author

  • Masanori Miyai

    Senior Consultant

    Financial Systems Solution Department Ⅱ

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