PayPay

PayPay Corporation
Native name
PayPay株式会社
FoundedJune 15, 2018; 6 years ago (2018-06-15)
Headquarters
ProductsElectronic payment system
ParentLY Corporation (SoftBank Group)
Websitepaypay.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]

  1. ^ Jacky Wong (2019-11-14). "How to Read Japan's Big Internet Merger". Wall Street Journal. Retrieved 2020-11-15.
  2. ^ a b Ito, 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.
  3. ^ "PayPay、バーコードを使った実店舗でのスマホ決済サービス「PayPay」を提供開始". Nikkei Shinbun. 2018-10-05. Retrieved 2020-10-06.
  4. ^ Suzuki, Wataru (2020-09-09). "SoftBank wants to burn money". Nikkei Asia. Retrieved 2020-10-06.
  5. ^ イトウジュンコ (22 August 2019). 商店経営者のためのスマホ決済 PayPay超入門.