Overview

• On July 22, 2025, the Japan Fair Trade Commission applied a commitment procedure to Visa Worldwide PTE Ltd for suspected antitrust violations involving coercive fee practices.
• The JFTC’s probe dates back to a July 2024 dawn raid of Visa’s Japan affiliate and investigations of its overseas units, including its U.S. headquarters.
• Allegations focus on Visa’s Singapore arm limiting preferential interchange fee discounts to users of its credit inquiry system, a suspected tied-selling practice.
• Under the approved compliance plan, Visa will eliminate the disputed conditions and submit to five years of independent third-party monitoring and reporting.
• The JFTC has refrained from issuing formal cease-and-desist or surcharge orders, marking a balance between enforcement and remediation.