Paypay app gets deffered payments upgrade

Wednesday 15 April 2020 09:39 CET | News

SoftBank’s PayPay app has launched an overdraft facility for in-store payments to selected cash-reliant Japan-based users to adopt mobile payment systems. 

Selected customers would be invited to apply for the deferred payments starting today. Those accepted will be able to continue to make transactions without a positive PayPay balance once they have accepted a new terms and conditions document.

Any deficit can be settled the following month with an additional fee of USD 2.80 for use of the service. Payments can only be made in-store and are not available for other items such as online payment and utility bill settlement.

PayPay launched in 2018 is a joint venture between SoftBank and Yahoo Japan, using technology from India-based wallet company Paytm.

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Keywords: Softbank, PayPay, Japan, e-wallet, mobile payment system, online payment, Paytm
Categories: Payments & Commerce
Countries: Japan
This article is part of category

Payments & Commerce