Workers will soon be able to get their salaries paid directly into digital wallet apps without the funds going through banks, following a government decision to lift a ban on e-money salary payments.
The Health, Labor and Welfare Ministry is set to screen prospective service providers from April next year, and the selected companies are expected to launch services as soon as necessary procedures have been completed.
User balances will be capped at 1 million yen, and the operators of money transfer services will be required to have a system in place to protect user deposits in the event of bankruptcies or illicit withdrawals.
