Wiki90: 90s Style Encyclopedia on the Web
In the article titled PayPay, we will fully explore this fascinating topic/person/date that has captured the attention of many over the years. From his impact on society to his influence on popular culture, PayPay has left an indelible mark on history. Through an exhaustive analysis, we will examine the most relevant and controversial aspects of PayPay, offering a unique and enriching perspective on this phenomenon/person/date. Join us on this journey of discovery and learning that will undoubtedly lead us to better understand and appreciate the importance of PayPay in today's world.
Native name | PayPay株式会社 |
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Founded | June 15, 2018 |
Headquarters | |
Products | Electronic payment system |
Parent | LY Corporation (SoftBank Group) |
Website | https://paypay.ne.jp/ |
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. With 38 million users, PayPay is the largest Japanese mobile payment app. 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.
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.
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.