For the cigarette rolling papers, see Pay-Pay. For the Filipino traditional hand fan, see Pamaypay.
PayPay Corporation
Headquarters in Chiyoda, Tokyo
Native name
PayPay株式会社
Founded
June 15, 2018; 5 years ago (2018-06-15)
Headquarters
Chiyoda, Tokyo, Japan
Products
Electronic payment system
Parent
LY Corporation (SoftBank Group)
Website
https://paypay.ne.jp/
PayPay Corporation (PayPay株式会社) is a Japanese company that develops electronic payment services owned by LY Corporation. It was established in 2018 as a joint venture between the SoftBank Group and Yahoo Japan through Z Holdings, their holding company.[1][2] With 38 million users, PayPay is the largest Japanese mobile payment app.[2] In October 2018, it began a QR code and bar code-based payment service, which was developed in collaboration with Paytm, an India-based payment service company.[3]
From a smartphone app, users link their bank account and add money to their PayPay account. At the point of sale, the user makes a payment either by scanning a QR code, or by having the clerk scan a bar code on the smartphone.[4][5]
^Jacky Wong (2019-11-14). "How to Read Japan's Big Internet Merger". Wall Street Journal. Retrieved 2020-11-15.
^ abIto, Kazunori (2021-05-16). "Z Holdings' Margin Expansion to Be Slower Because of Increasing Costs; Revise FVE to JPY 500". Morningstar, Inc. Archived from the original on 2021-06-05. Retrieved 2021-06-06.
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