This Act comes into effect as of the date specified by Cabinet Order within a period not exceeding one year from the date of promulgation; provided, however, that the provisions of Articles 10, 11 and 20 of the Supplementary Provisions come into effect on the date of promulgation.

①A person who is actually engaged in electronic payment services (meaning the electronic payment services prescribed in Article 2, paragraph (17) of the Banking Act as amended by the provisions of Article 1 (hereinafter referred to as the "new Banking Act"); the same applies hereinafter) at the time this Act comes into effect may, for six months from the date on which this Act comes into effect (hereinafter referred to as the "effective date") (or, if within that period a disposition of refusal of registration is made under the provisions of Article 52-61-5, paragraph (1) of the new Banking Act, or an order to discontinue all of the electronic payment services is issued under the provisions of Article 52-61-17, paragraph (1) of the new Banking Act as applied with terms deemed to be replaced pursuant to the provisions of the following paragraph, until the date of that disposition or the date on which the order to discontinue was issued), conduct those electronic payment services notwithstanding Article 52-61-2 of the new Banking Act. If that person has applied for the registration referred to in that Article within that period and that period has elapsed, the same applies until a disposition of registration or refusal of registration is made on that application.

②In the case where a person may conduct electronic payment services pursuant to the provisions of the preceding paragraph, the provisions of the new Banking Act (excluding Article 52-61-10 and Article 52-61-11) apply by deeming that person to be an electronic payment service provider (meaning the electronic payment service provider prescribed in Article 2, paragraph (18) of the new Banking Act; the same applies hereinafter); in this case, in Article 52-61-17, paragraph (1) of the new Banking Act, the phrase "revoke the registration referred to in Article 52-61-2" is deemed to be replaced with "order the discontinuation of all electronic payment services", and other technical replacements of terms that are necessary are specified by Cabinet Order.

③With regard to the application of the provisions of the new Banking Act in the case where a person is ordered to discontinue all of the electronic payment services under the provisions of Article 52-61-17, paragraph (1) of the new Banking Act as applied with terms deemed to be replaced pursuant to the provisions of the preceding paragraph, the person ordered to discontinue is deemed to be a person whose registration referred to in Article 52-61-2 of the new Banking Act has been revoked pursuant to the provisions of that paragraph, and the date on which the person was ordered to discontinue is deemed to be the date of the revocation of that registration.

④With regard to the application of the provisions of Article 52-61-10 of the new Banking Act until the date specified by Cabinet Order within a period not exceeding two years from the effective date, in paragraph (1) of that Article, the phrase "Before performing an action set forth in any of the items of Article 2, paragraph (17)" is deemed to be replaced with "An electronic payment service provider (limited to one that performs an action set forth in Article 2, paragraph (17), item (i)", the phrase "that Article), an electronic payment service provider must" with "that paragraph; hereinafter the same applies in this paragraph); hereinafter the same applies in this Article and the following Article) must, before performing the action set forth in that item,", the phrase "each of those items" with "that item", and the phrase "a contract for electronic payment services" with "a contract for electronic payment services (limited to those that perform the action set forth in that item; hereinafter the same applies in this paragraph, the following paragraph and Article 52-61-11, paragraph (2))".

⑤With regard to a person who, at the time this Act comes into effect, is actually using in their name a word likely to be mistaken for a certified association of electronic payment service providers or a member of a certified association of electronic payment service providers, the provisions of Article 52-61-21, paragraphs (2) and (3) of the new Banking Act do not apply for six months from the effective date.

①A bank, etc. (meaning banks, agricultural cooperatives and federations of agricultural cooperatives that conduct the business set forth in Article 10, paragraph (1), item (iii) of the Agricultural Co-operatives Act, fishery cooperatives that conduct the business set forth in Article 11, paragraph (1), item (iv) of the Fishery Industry Cooperative Act, federations of fishery cooperatives that conduct the business set forth in Article 87, paragraph (1), item (iv) of that Act, fishery processing cooperatives that conduct the business set forth in Article 93, paragraph (1), item (ii) of that Act, federations of fishery processing cooperatives that conduct the business set forth in Article 97, paragraph (1), item (ii) of that Act, credit cooperatives, federations of cooperatives that conduct the business set forth in Article 9-9, paragraph (1), item (i) of the Small and Medium-Sized Enterprise Cooperatives Act, Shinkin banks, federations of Shinkin banks, labor banks, federations of labor banks, the Norinchukin Bank, and Shoko Chukin Bank, Ltd.; the same applies hereinafter) must, by the date on which nine months have elapsed from the date of promulgation, determine a policy on cooperation and collaboration with electronic payment service providers, etc. (meaning electronic payment service providers, specified credit business electronic payment service providers prescribed in Article 92-5-3, paragraph (1) of the new Agricultural Co-operatives Act, specified credit business electronic payment service providers prescribed in Article 121-5-3, paragraph (1) of the new Fishery Industry Cooperative Act, credit cooperative electronic payment service providers, Shinkin bank electronic payment service providers, labor bank electronic payment service providers, Norinchukin Bank electronic payment service providers, and Shoko Chukin Bank electronic payment service providers; the same applies hereinafter) and publish it, as specified by the Ministerial Order of the competent ministry.

②The Ministerial Order of the competent ministry prescribed in the preceding paragraph is the order issued by the person specified in each of the following items for the category of bank, etc. set forth in that item.

①A bank, etc. that intends to conclude a contract referred to in Article 52-61-10, paragraph (1) of the new Banking Act, Article 92-5-3, paragraph (1) of the new Agricultural Co-operatives Act, Article 121-5-3, paragraph (1) of the new Fishery Industry Cooperative Act, Article 6-5-3, paragraph (1) of the new Act on Financial Businesses by Cooperative, Article 6-5-5, paragraph (1) of the new Act on Financial Businesses by Cooperative, Article 85-5, paragraph (1) of the new Shinkin Bank Act, Article 85-7, paragraph (1) of the new Shinkin Bank Act, Article 89-6, paragraph (1) of the new Labor Bank Act, Article 89-8, paragraph (1) of the new Labor Bank Act, Article 95-5-3, paragraph (1) of the new Norinchukin Bank Act, Article 95-5-5, paragraph (1) of the new Norinchukin Bank Act, or Article 60-12, paragraph (1) of the new Shoko Chukin Bank Act with an electronic payment service provider, etc. must endeavor to develop a system, by the date specified by the Cabinet Order prescribed in Article 2, paragraph (4) of the Supplementary Provisions, so that the electronic payment service provider, etc. can conduct the electronic payment services, etc. (meaning electronic payment services, specified credit business electronic payment services prescribed in Article 92-5-2, paragraph (2) of the new Agricultural Co-operatives Act, specified credit business electronic payment services prescribed in Article 121-5-2, paragraph (2) of the new Fishery Industry Cooperative Act, credit cooperative electronic payment services, Shinkin bank electronic payment services, labor bank electronic payment services, Norinchukin Bank electronic payment services, or Shoko Chukin Bank electronic payment services; the same applies hereinafter) related to that bank, etc. without acquiring identification codes, etc. related to a user of the electronic payment services, etc. that it conducts from that user.

②The term "identification code, etc." prescribed in the preceding paragraph means a code or other information that a bank, etc. uses, when providing services using an electronic data processing system, to distinguish the person receiving those services from other persons and identify that person.

Beyond what is provided for in Articles 2 through 9 of the Supplementary Provisions, the transitional measures necessary in connection with the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.

Approximately three years after this Act comes into effect, the government is to take into account the implementation status of each of the laws as amended by this Act (hereinafter referred to as "each amended law" in this Article and the following Article), and review the provisions of each amended law and take the required measures based on the results of the review, if it finds this to be necessary.

In applying the provisions of each amended law concerning electronic payment services, etc., efforts must be made to respect the purport of the Basic Act on the Advancement of Public and Private Sector Data Utilization (Act No. 103 of 2016).