About
PayPay is a Japanese code-payment app run by PayPay Corporation, a subsidiary of SoftBank Corp. and LY Corporation that listed on Nasdaq in March 2026. Shoppers either scan a merchant's QR code or show a barcode in the app, paying from a PayPay Money balance that identity-verified users can top up from and withdraw to a bank account. The same app handles peer-to-peer transfers, where PayPay had about 98% of code-payment remittances in 2025. PayPay processed 8.88 billion payments in 2025, more than 20% of all cashless payment transactions in Japan, and reached 75 million registered users in August 2026.
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