PayPay Corporation (“PayPay Corp.”, “we”, “our”), a joint venture established by three companies, which are SoftBank Group Corp., SoftBank Corp., and Yahoo Japan Corporation, has started using PayPay Smart Start, a merchant application support tool that allows for completing a flow from an acceptance of an application for PayPay by a merchant to the use of PayPay on the day (*1) nationwide. Our sales representative visiting a store and registers application information about the store on the spot. Accordingly, we can reduce time required for the merchant to start using PayPay from about one week, which is previously needed, to just one day. The tool will be introduced on a trial basis in some areas such as Tokyo and Nagoya from September 2019, and our sales representatives at sales offices nationwide will gradually start using it in October. Furthermore, we have developed and applied for a patent for a mechanism that associates a QR code with merchant information so that our sales representative can screen application information on a merchant on the spot and then the merchant can start using PayPay.
*The image is for illustration purposes only.
PayPay Smart Start that we have started using allows merchants to use PayPay on the day (*1) on which our sales representatives visit them. Furthermore, the sales representatives also can support merchants in making initial settings of PayPay for Business, which is a payment management tool for merchants who manage payments by PayPay, transaction information, merchant information, and so on, while they are interviewing with the merchants about the information. Therefore, the use of PayPay Smart Start can reduce burden associated with the start of using PayPay and lower hurdles to introduce PayPay.
＜A flow until a merchant starts using PayPay＞
On October 1, 2019, the number of registered PayPay users (*2) exceeded 15 million, and the number of merchants where PayPay is available exceeded 1.5 million (*3) nationwide. By utilizing this PayPay Smart Start, the number of users who can use PayPay and the number of merchants where PayPay is available will increase, which will in turn accelerate the increases in the number of users and the number of merchants. PayPay Corp. will continue to provide the convenience of smartphone payments to all retailers, service providers, and users, aiming to achieve a society where they can do cashless shopping anywhere in Japan. At the same time, we will strive to operate services that customers can use at ease.
*1 A pass result is given on the spot after screening only when conditions for use of the application support tool, PayPay Smart Start, are fulfilled. If it takes time for the screening, a result will be notified on a later day.
*2 The number of users who have registered an account.
*3 The number of merchants such as stores and taxis who have applied for a membership contract to PayPay Corp.
■Related images can be installed from here.
* “QR Code” is a registered trademark of DENSO WAVE INCORPORATED.
* Other company names, product names, service names that are listed in this press release are trademarks or registered marks of each company.
