Yahoo Japan Corporation (“Yahoo! JAPAN”) transfers its e-money business operations, which are currently provided under the name of “Yahoo! Money”, to PayPay Corporation (“PayPay Co.”) as of September 30, 2019. Yahoo! Money will be integrated into PayPay. Along with this, balance of Yahoo! Money accounts, which are held by Yahoo! Money users as of September 30, will be transferred to balance of PayPay accounts. Transfer of Yahoo! Money allows Yahoo! JAPAN and PayPay Co. to integrate online and offline payment methods into a single platform and provide services with greater convenience.
Starting September 30, Yahoo! Money users, who hold PayPay accounts, can use their account balance of Yahoo! Money to make payments with PayPay, as their account balance of PayPay. For example, payments can be made with PayPay through online services, including Yahoo! Shopping, and at PayPay membership merchants. In addition, information registered with Yahoo! Money (e.g. bank account information to make payments by using savings accounts) can be transferred to PayPay.
Non-PayPay users, who hold Yahoo! Money accounts, can create new PayPay accounts and link their Yahoo! JAPAN ID to PayPay on or after September 30. By doing so, they can transfer their account balance of Yahoo! Money and information registered with Yahoo !Money to PayPay accounts, based on our current outlook.
In line with the integration of services, “Yahoo! Money” and “Yokin-barai” services will reach their end of service, accordingly, starting in early September.(*) Yahoo! Money is currently supported by Yahoo! JAPAN’s services, while Yokin-barai allows customers to make payments immediately by direct debit.
PayPay has become a choice of more than eight million users in total in about eight months of launch in October 2018, fast-growing into a service for everyday uses of many users. PayPay Co. provides great convenience of payments for all retailers, service providers and users, aiming to realize a society where anyone can enjoy cashless shopping anywhere in Japan.
*”Yahoo! Money” and “Yokin-barai” services are scheduled to reach their end of service as follows:
Scheduled to end as of September 12 for payments at YAHUOKU!
Scheduled to end in mid-September for payments at LOHACO
Scheduled to end as of September 19 for payments at Yahoo! Shopping
Scheduled to end as of September 29 for recharging Yahoo! Money by using Yokin-barai accounts
For details, please visit: https://wallet.yahoo.co.jp/notice/archives/20190628.html
*Release of a feature to recharge PayPay accounts by using Yahoo! Money is scheduled for early July.
*Integration of Yahoo! Money into PayPay requires registration and fulfillment of other requirements, by PayPay Co., pursuant to the Payment Services Act. The business integration may be rescheduled, depending on the progress in completing the process.
■ For details on the succession of the business, please visit the link below.
Notice Concerning PayPay Corporation’s Succession of Business by Company Split (Simpllified Absorption-type Company Split) (Released on June 28, 2019)
URL: https://file.swcms.net/file/sw4689/ja/ir/news/auto_20190628464455/pdfFile.pdf
*Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.
