Mobile payments app PayPay, a joint venture between India's Paytm, SoftBank and Yahoo! Japan, has signed up eight customers since its launch six months ago. PayPay has proved popular with users thanks to cash incentives and rebates of between 10% and 20% for various payments, while sellers' fees are waived until September 2021. PayPay also allows users to store money in their wallet, part of Japan's target of 40% cashless transactions by 2025.
Mobile payments app PayPay, a joint venture between India's Paytm, SoftBank and Yahoo! Japan, has signed up eight million customers since its launch six months ago. PayPay has proved popular with users thanks to cash incentives and rebates of between 10% and 20% for various payments, while sellers' fees are waived until September 2021. PayPay also allows users to store money in their wallet, part of Japan's target of 40% cashless transactions by 2025.