30 Jun '15, 3pm

In countries such as Britain, Sweden and Singapore, a system has been established to enable money transfers…:

In countries such as Britain, Sweden and Singapore, a system has been established to enable money transfers 24 hours a day, 365 days a year. Such a system is called for in the economic growth strategy adopted by the Abe administration in June, which mentions the need to upgrade the quality of financial services. Currently, in Japan, a customer can transfer a money payment between accounts at different banks only until 3 p. m. on weekdays. For example, such a transaction made after 3 p. m. on Friday won’t be completed until the following Monday. A survey by the Japanese Bankers Association shows that 52 percent of customers polled said they would like to be able to transfer money on weekends, national holidays and at night for such purposes as online purchases and payment of household bills. Such requests were reportedly strong among people who can’t go to banks during thei...

Full article: http://money-transfers.cf/in-countries-such-as-britain-sw...

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