Big Japan banks to cut online transfer fees in October

Drive to win back market share follows reduction in interbank charges

20210630 mega bank apps

Japan megabanks will cut online transfer fees as soon as in October as they try to claw back market share from fintech companies.

Nikkei staff writers

TOKYO -- Japan's three megabanks will lower internet banking fees as soon as in October, as competition with fintech startups heats up, Nikkei has learned.

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