Technology has led to the steady advancement of the world. Whether it is about transferring money or communication from one city to another, technology has made everything available and convenient. A similar type of technological invention is Paytm.
Recently, One97 Communications, that has the proprietorship of Paytm, launched another system of transferring money via phone in Japan called Paypay.
PayPay is a smartphone payment service that was launched in collaboration with SoftBank Corp and Yahoo Japan Corporation. This application authorizes users to store money and make payments with it when in need.
PayPay basically strives to conceptualize and market the use of cashless money in Japan that can be used at everyone’s comfort. It is the fastest, easiest and most convenient method of receiving and transferring money to different people. Moreover, even Japan’s Prime Minister Shinzo Abe is a fan of this application, PayPay and has been often observed using it in many cases. Quite cool that is, isn’t it?
Another very cool statement was issued by PayPay team when they declared that for the first three years, they shall be asking for no fee from sellers in order to promote the utility of the app. They are also said to be delivering cash-backs of about 500 yens to everyone who downloads the application on their phone. This is another intelligent method of promoting the app and we are quite impressed.
PayPay seems to be doing incredible business in Japan and we are sure that it has a long way to go…