May 8 (Reuters) - NIKKEI:

* SUMITOMO MITSUI CREDIT CARD UNIT TO SLASH MERCHANT FEES BY 30% - NIKKEI

* SUMITOMO MITSUI CARD IN MAY TO LOWER PROCESSING FEE ON SMARTPHONE-BASED CREDIT CARD PAYMENTS TO 1.98% - NIKKEI

* SUMITOMO MITSUI CARD'S NEW RATE IS EXPECTED TO RESULT IN A LOSS FOR THE COMPANY AFTER FEES TO CARD NETWORKS - NIKKEI

* SUMITOMO MITSUI CARD WORKING ON CHEAP SMARTPHONE-BASED PAYMENT SYSTEMS AND OTHER SERVICES FOR ITS MERCHANTS -NIKKEI

* SUMITOMO MITSUI CARD WILL LOWER FEE ON PAYMENTS THROUGH ITS CREDIT CARD TERMINALS TO 1.98% LATER IN 2024 - NIKKEI Further company coverage: