Japan's tourism boom is becoming a headache for its credit card companies

Mounting losses lead some to consider higher fees for foreign-issued cards

20240829N duty free shop

Japan is expected to welcome a record 35 million travelers this year. (Photo by Toshiki Sasazu)

SHOGO FURUTA, Nikkei staff writer

TOKYO -- As international visitors flock to Japan, their shopping and dining have put such a strain on credit card companies here that some are considering charging higher fees for foreign-issued cards.

When a foreign-issued credit card is used in Japan, the Japanese card company that processes transactions for the merchant must pay fees to both the overseas issuer and the international brand holder, such as Visa or MasterCard.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.