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Telco/Internet specialist

Kirk Boodry

Redex Research

Thematic (Sector/Industry)

Japan Consumer discretionary / Thematic (Sector/Industry)

<ul>
<li>The Ministry of Health Labor and Welfare is likely to allow funds transfer service providers (cashless apps) to support digital salary payments </li>
<li>That could boost user and transaction volume growth rates although there are challenges like remittance limits and direct access to cash that need to be addressed</li>
<li>An expansion in utility is positive although comparable valuations from global peers remains under pressure</li>
</ul>


The Ministry of Health Labor and Welfare is likely to allow funds transfer service providers (cashless apps) to support digital salary payments 
That could boost user and transaction volume growth rates although there are challenges like remittance limits and direct access to cash that need to be addressed
An expansion in utility is positive although comparable valuations from global peers remains under pressure


Japan Fintech - Rule Changes Should Benefit Cashless Apps like PayPay