Born in 2018 as a project from LY Corporation, itself tied to Japan’s Softbank Group and Korea’s Naver Corporation, Paypay quickly grew to cover 63 million users and a two-thirds share of Japan’s QR code payments market. Softbank deployed a shoe-leather force of thousands to get people signed onto the new service. Just last month, Paypay launched a new service to let employers pay their workers digitally, boosting cashless transactions in a market that still remains fond of cash.
- Company Information
- Fintech Innovators Asia
- Updated:11/6/24
- Country/Territory:Japan
- Headquarters:Tokyo
- Industry:Internet Services and Retailing
- CEO:Ichiro Nakayama
- Website:https://about.paypay.ne.jp/en/
- Ticker:
- Company type:Private
- Revenues ($M):
- Profits ($M):
- Market value ($M):
- Number of employees:
- Category:Payments
- Rank within category:6
PayPay in Fortune Rankings
- Fintech Innovators Asia