PayPay Corporation, a joint venture of SoftBank Group Corp., SoftBank Corp., and Yahoo Japan Corporation, will begin offering new iOS 14-compatible features for their cashless payment service app PayPay, on September 17, 2020. The new feature supports small and medium-sized widgets to allow users to check their PayPay balance on the home screen of their iPhone, and launch the PayPay app directly from the widget to pay with PayPay.
In the future, large size widgets will be added to make PayPay even more convenient, such as showing the status of “Bonus Management” transactions amongst others at only a glance, as well as displaying various information on the home screen without having to open the PayPay app.
PayPay strives to offer the convenience of smartphone payments to users, as well as all kinds of retailers and service providers, with the goal of creating an environment that ensures a safe & convenient cashless shopping experience across Japan. PayPay will continue on the path to evolve from a “payment app” to a “super app” that makes users’ lives richer and more convenient, fostering a world view of “Anytime, Anywhere with PayPay”.
※ Please update to iOS 14 and use the latest version of the PayPay app.
■ Primary features of PayPay – the cashless payment service provided by PayPay Corporation
PayPay is a cashless payment service that continues to expand across Japan, available not only in major chain stores but also at small to medium scale retail stores, vending machines, taxis and even public transport. It is also available in various other scenarios including payments for online services and bill payments such as utility costs. PayPay has also expanded its breadth to services other than just payments, such as the“send/receive”feature that enables users to send PayPay balance (PayPay Money and PayPay Money Lite) between each other for free, or“bonus management”service which enables a simulated investment experience. PayPay also strives to create an environment that ensures a safe & convenient user experience, through measures such as providing a hotline where inquiries are accepted 24/7, and providing full compensation, in principle, in the event when users are caused any damages.
PayPay Corporation has the following Business operator, service provider registration.
Advance Payment Method (Type3) Business Operator Number : #00710, Director-General of the Kanto Finance Bureau
Fund Transfers Business Operator Number : #00068, Director-General of the Kanto Finance Bureau
*There are four types of “PayPay” (PayPay balance): PayPay Money, PayPay Money Lite, PayPay Bonus and PayPay Bonus Lite. PayPay money can be used for payments at partner services and merchants as long as the amount is within the amount deposited into the PayPay account opened after verifying your identity. It can also be used for sending and receiving money between PayPay users free of charge. You can also pay out PayPay money and deposit it from your specified bank account. (Payment fee is free with Japan Net Bank). The legal nature of this is an electromagnetic record that can be used for the reimbursement of the price of goods, etc. and can be used (and remitted) and paid out, which is issued by PayPay as a Funds Transfer Service Provider registered under Article 37 of the Payment Services Act. PayPay Money Lite is a electronic money issued by PayPay Corporation, which can be purchased and used for payments at partner services and merchants, and can be sent and received between PayPay users free of charge. This legal nature refers to the Prepaid Payment Instruments issued by PayPay (Article 3, Paragraph 1 of the Payment Services Act). In addition, PayPay Bonus and PayPay Bonus Light, granted through campaigns and promotions when using PayPay, can be used for partner services and merchants as well as PayPay Money and PayPay Money Light. You cannot send, transfer or payout money between PayPay users. PayPay Bonus Lite has an expiration date, after which it will expire.
PayPay Corporation is also working to create a secure environment for its users. You may be entitled to compensation for the amount of damage (compensation amount being received from a third party will be deducted) if you have an unknown charge on PayPay account due to a third party use, or if you do not have a PayPay account and you have been charged by PayPay. Please see here for details.
* The company name, trade name, and product / service in this press release are registered trademarks or trademarks of their respective companies.
