PayPay Corporation, a joint venture of by SoftBank Group Corp., SoftBank Corp., and Yahoo Japan Corporation, announces determined details such as a method of rewarding to users who have paid with PayPay in the Point Reward Project for Consumers using Cashless Payment (hereinafter the “Project”). (*1).
In the Project, the government supports point rewards when consumers make cashless payments at restaurants, retail stores, service providers, and so on run by small and medium-sized businesses, for nine months from October 1, 2019 to June 30, 2020, in line with the consumption tax hike on October 1, 2019. The Government of Japan earmarked a 279. 8 billion yen budget (*2) for the fiscal year 2019 for the Project, with aims to equalize demand after the consumption tax hike, improve the productivity of relevant businesses, and increase the convenience of consumers through further dissemination of cashless payments. Consumers who have paid with PayPay during the above period will be rewarded with a PayPay Bonus (*3) of up to 3% of a payment at PayPay merchants that have applied for registration to this Project and have been registered as eligible stores.
*1 For details of the Project, please visit here (external site).
*2 “Highlights of the Draft FY2019 Budget” complied by the Ministry of Finance (external site).
*3 PayPay Bonus is not transferable. For details, please check here.
■Details of Rewarding of PayPay Bonuses in the Project
https://paypay.ne.jp/event/cashless-meti/
Reward rate
Eligible stores run by small and medium-sized businesses: 5%
Eligible franchise chain stores run by small and medium-sized businesses: 2%
Reward method
How to check a reward amount
When you tap an amount to be given on the completion screen to be displayed upon the completion of a payment with PayPay, you can check a reward amount based on the Project as well as breakdown of a PayPay Bonus and so on to be given at the same time.* The screen is subject to change.
Eligible Stores for Rewards
PayPay merchants listed in the Registered Member Merchants List on the official website (external link) of the Point Reward Project for Consumers using Cashless Payment or PayPay merchants where the following posters are placed.
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Eligible Stores for a reward of 2%
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Eligible Stores for a reward of 5%
Reward Period
From midnight on October 1, 2019 to 11:59 p.m. on June 30, 2020
* Even during this period, this campaign will start to be applied from an effective date notified after a PayPay merchant is registered to the Project.
Reward Date
Around the 20th day of a month following a month in which a payment is made
Reward Cap
25,000 yen per payment
25,000 yen per month (a total amount of a reward of 2% and a reward of 5%)
Note that apart from rewarding of PayPay Bonuses to consumers under the Project, there is a benefit given by PayPay. For details, please see here.
■Main features of PayPay
Users can choose a payment method from e-money topped up in advance (PayPay Balance) and credit cards and they can use PayPay for payments at PayPay merchants or for online services. For top-ups to PayPay Balance, users can top up online from their bank account and so on but also at nearby Seven Bank ATMs. In addition, PayPay offers various functions such as a function of sending and receiving PayPay Balance (PayPay Money Lite) between users and a function of “Warikan” or bill-splitting that is convenient for meals in a group setting.
■The PayPay app can be installed from here (App Store, Google Play™).
* Supported environments: iOS 11.0 or above, Android 5 or above
■Related images can be downloaded from here.
* The “QR code” is a registered trademark of DENSO WAVE INCORPORATED.
* App Store is a service mark of Apple Inc. TM and © 2019 Apple Inc. All rights reserved.
* Google Play is a trademark or registered trademark of Google LLC.
* Other company names, trade names and product / service names mentioned in this press release are trademarks or registered trademarks of respective companies.
