Tourist rebound squeezes Japan credit card firms with big fees

TOKYO -- As foreign tourists return to Japan after the pandemic, the country's credit card companies could face 20 billion yen ($137 million) yearly in deficits by paying more in fees to overseas card brands and other expenses than they receive in transaction commissions. Companies such as…#tokyo #sumitomomitsuicard #mitsubishiufjnicos
Source: Reuters: Health - Category: Consumer Health News Source Type: news