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Casio, Worldline team up to cut credit card fees for Japan retailers

Exclusive: New payment service takes aim at widespread 3%-plus charge

Credit card transaction fees in Japan are high by international standards.   © AP

TOKYO -- Casio Computer has partnered with French digital payment company Worldline to provide a less expensive credit card transaction service in Japan, where high fees make small business reluctant to accept cards, Nikkei has learned.

Casio and Worldline's recently introduced service reduces the charge for processing Visa and Mastercard payments from 3.24% to 2.95%. Hospitals pay a 2.5% fee.

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