PayPay
Payment system
From Wikipedia, the free encyclopedia
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]
| |
 Headquarters in Chiyoda, Tokyo | |
Native name | PayPay株式会社 |
|---|---|
| Founded | June 15, 2018 |
| Headquarters | |
| Products | Electronic payment system |
| Parent | LY Corporation (SoftBank Group) |
| Website | paypay |
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]
In March 2026, PayPay priced its U.S. initial public offering at $16 per share, below its targeted price range due to the U.S.-Isreali war with Iran.[6]
2020 cybersecurity incident
PayPay's server fell victim to a hacking attack, originating in Brazil, on November 28, 2020. As per the operator of PayPay, a server containing personal and financial information of its entire userbase was compromised. The company acknowledged that configuration flaws led to unauthorized access to information. The service operator was later notified of the incident and preventive measures were taken.[7]