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Business trends

Mizuho to launch digital currency to promote cashless payments in March

Japanese banking group already has 60 domestic regional banks on board

Fees for using MIzuho's new digital currency will be much lower than for credit card and other transactions.   © Reuters

TOKYO -- Japan's Mizuho Financial Group plans to introduce a proprietary digital currency that can be used for shopping and remitted at no cost, starting next March.

Under the plan, retail shops using the currency will be charged fees significantly lower than for credit card services.

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