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DeepNewz, mobile.
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Japan's antitrust authority is investigating Visa's Japanese unit for allegedly pressuring card companies to exclusively use its credit information system. This practice potentially hinders competition and harms consumers. The Japan Fair Trade Commission (JFTC) is probing Visa Worldwide Japan, Inc. for a suspected violation of the antimonopoly law and unfair practice.
The JFTC will launch an investigation to ensure the competition in the AI market, particularly generative AI, stays fair amid the growing influence of tech giants. https://t.co/bDX23Sf08q
An investigation of Visa Worldwide Japan, Inc. by the Japan Fair Trade Commission is underway over a suspected violation of the antimonopoly law https://t.co/LwjqRroYAf
Japan unit of credit card giant Visa suspected of unfair practice: Japan's antitrust watchdog on Wednesday probed the Japanese unit of global credit card brand Visa Inc for allegedly pressuring card companies to use only its credit… https://t.co/xwpsUBbtFE #japannews #japantoday
