April 3, 2019
PayPay Corporation

Renewal of the PayPay App

- Even more useful ways to send and receive PayPay balance -

Today, PayPay Corporation, joint venture established by SoftBank Corp. and Yahoo Japan Corporation, released a major updated version of the PayPay app.

New key features are as follows. Please update to use below new features.

Easy ways to send and receive PayPay balance (*1):

Sending and receiving PayPay balance can be done from the PayPay app home screen. Users can also send PayPay balance by sending URL via SNS to those whom you don’t know their phone numbers nor the newly introduced PayPay IDs.

PayPay balance can be sent to non-PayPay users, and they will be able to receive PayPay balance after signing up for PayPay services. PayPay balance will be automatically refunded to the sender if declined by the recipient.

Passcodes can be set when sending PayPay balance. Recipients would need to enter the passcode to receive the balance. (*3)

Introduction of PayPay ID

Users can set their own PayPay ID. With this, users can search for the PayPay users when sending PayPay balance by ID in addition to the phone number search.

ID would specify the user as the PayPay ID would be permanent once set.

*1. PayPay Lite is the balance which users can send through this feature. PayPay bonus granted as privileges and from campaigns cannot be sent.

*2 URL to receive PayPay balance is valid for two weeks.

*3 To send PayPay balance, PayPay users need to inform receivers the passcode by SNS, etc.

For more information about the renewal of the PayPay app, please visit:
https://blog.paypay.ne.jp/.

■ PayPay app basic features

A smartphone payment service by e-money (“PayPay Balance” or “Yahoo! Money”) and credit cards, depending on the user’s choice.

The service provides two payment methods- user scan (scan payment) method in which users read the QR code of a merchant store using the app and, store scan (code payment) method in which a member store reads the barcode or the QR code displayed by a user on the app at the store cash registers, chosen by the merchant store.

■ PayPay app is available for downloading at < App Store and Google Play™ >.

* Supported versions: iOS 10.0 and later/Android 5.0 and later

* “QR code” is a registered trademark of Denso Wave Incorporated.

* App Store is a service mark of Apple Inc.

* Google Play is a trademark or registered trademark of Google LCC.

* Company names, store names and product/service names contained in this press release are registered trademarks or trademarks of their respective owners.

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