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The environment for Funds Transfer Service Providers has changed significantly with the developments of the market.

Based on the revised Payment Services Act promulgated in June 2020, in addition to registering as a Type II Funds Transfer Service Provider, Type I Funds Transfer Service Providers who meet certain requirements are now able to provide exchange transactions without an upper limit on the remittance amount.

Furthermore, on October 7, 2022, the Japanese Banks¡® Payment Clearing Network (Zengin-net) extended the eligibility for participation in the Zengin System, which had previously been limited to banks and other deposit-taking financial institutions, to Fund Transfer Service Providers. On April 1, 2023, following the promulgation of a ministerial ordinance partially revising the Ordinance for Enforcement of the Labor Standards Act, the Ministry of Health, Labour and Welfare began accepting applications for designation from Funds Transfer Service Providers, and the payment of wages to the accounts of Funds Transfer Service Providers was permitted as a new option for labor and management regarding wage payment.

Moreover, in March 2025, the Financial Services Agency announced a draft amendment to the Payment Services Act. In consideration of international requests, ensure user protection, and address risks such as money laundering, cross-border payment collection services provided by the entities not involved in the conclusion of transactions for goods and services will, in principle, be regulated as Funds Transfer Service Providers.

ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø AZSA LLC provides advisory services to support license applications for registration of Funds Transfer Service Providers based on a wealth of knowledge regarding  best practices in related industries, and based on Payment Services Act, government ordinances, administrative guidelines, and self-regulations.