This website requires JavaScript.
Daily Briefing

Paytm launches QR based payment system in Japan

Oct 22, 2018 by The Passage Team
Paytm launches QR based payment system in Japan

One97 Communications, which owns and operates mobile payments firm Paytm, on Monday said it has launched a QR based smartphone payment service in Japan called PayPay.

The service, launched in collaboration with SoftBank Corp and Yahoo Japan Corporation, which will allow users to store money from a bank account in their PayPay wallet and make payments with it.

"PayPay was developed with teams from three different countries working together, it is a true testimony for us and our industry-leading solutions that can be easily ported to suit the needs of any country or market," said Madhur Deora, chief financial officer and senior vice president, Paytm.

Source: Money Control

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

Follow The Passage Team