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Japan Introduces New Rules for Cross-Border Payment Collection Agents: Amendments to the Payment Services Act

On June 6, 2025, a law to partially amend the Payment Services Act was enacted.Under this amendment, cross-border payment collection agents—those who conduct international remittances for settling transactions in which they are not directly involved—will now be subject to the regulations applicable to Funds Transfer Service Providers. Examples: However, the amendment also provides an exclusion: …