PayPay Corporation (Head Office: Chiyoda-ku, Tokyo, President & Representative Director, CEO: Ichiro Nakayama) and LINE Pay Corporation (Head Office: Shinagawa-ku, Tokyo, CEO and President: Hisahiro Chofuku) are pleased to announce that LINE Pay payments will be accepted at PayPay merchants that support the user scan payment method (MPM) as of late April 2021, out of the 3 million plus locations available for PayPay payments*1 nationwide.
*1 Number of locations registered with PayPay including stores and taxis as of February 24, 2021.
Both PayPay and LINE Pay have been pursuing a common goal of promoting a cashless society in Japan by providing a payment service that can be used as a social infrastructure. To date, both companies have undertaken a variety of initiatives to make mobile payments, which was a new experience for many people until only a few years ago, a service that can be accessed easily in everyone’s daily lives, such as through establishing an environment that enables payments anywhere in Japan with just a smartphone, providing better convenience, pursuing a service that is safe & secure and hosting mass-scale campaigns. Now that the business integration between Z Holdings Corporation and LINE Corporation has been completed, both PayPay and LINE Pay will leverage each other’s strengths, being part of the same group, to create a synergy effect in moving towards the same goals.
n addition, PayPay and LINE Pay have begun discussing the integration of LINE Pay’s domestic QR/barcode payment business into PayPay’s business as of April 2022. *2
*2 Assuming that all the necessary procedures are completed such as relevant registrations and approval processes.
As the first step towards that, “LINE Pay” payments, in addition to “PayPay” payments, will be made available at PayPay merchants supporting the user scan method (MPM) which entails the user scanning the QR code to make a payment, out of the 3 million plus locations available for PayPay payments*1 nationwide. This will allow users to pay by both “PayPay” and “LINE Pay” using the same QR code, which is expected to allow up to 75 million customers*3 to use the service, as well as to reduce the effort required to support and manage multiple types of payment methods. There will be no additional procedure for merchants to support the change. There will also be no change in fees etc. New acceptance marks will be sent to the applicable merchants in due course.
*3 Sum of PayPay users (36 million) and LINE Pay users (39 million) as of the end of February 2021.
*This image is for illustration purposes only.
■ About PayPay https://paypay.ne.jp/
PayPay is a cashless payment service expanding across the country, available not only at major chain stores but also at small and medium size retailers, vending machines, taxis and even public transportation. It can also be used in a variety of other scenes, including paying for online services and utility bills. PayPay is also expanding its range of services beyond just payments, including a “send/receive” feature (remittance/transfer and receiving of money) that allows users to transfer their PayPay balance (PayPay Money and PayPay Money Lite) between each other for free, or “bonus management”, a service that allows users access to a simulated investment experience involving the exchange of PayPay Bonus with points provided by a Type 1 Financial Instruments Business Operator that PayPay partners with. The company also strives to create a safe and convenient environment for users through a hotline available 24/7 and a full compensation scheme ensuring, compensation for any damages that may be suffered.
PayPay will continue to strengthen security to ensure users can enjoy an even safer & secure service, while continuing on the path to evolve from a “payment app” into a “super app” that makes users’ lives richer and more convenient, fostering a world view of “Anytime, Anywhere with PayPay”.
PayPay is registered as follows:
・Prepaid Payment Instruments (third party type) Issuer (Registration: Director-General of the Kanto Finance Bureau, No. 00710/ Registration date: October 5,2018)
・Fund Transfer Operator (Registration: Director-General of the Kanto Finance Bureau, No. 00068/ Registration date: September 25, 2019)
・Japan Payment Service Association (http://www.s-kessai.jp/, Date of admission: September 12, 2018)
・Bank Agency Operator (License: Director-General of the Kanto Finance Bureau, No. 396/ Registration date: November 26, 2020)
・Business Operator that Concludes Contracts on the Handling of Credit Card Numbers, etc. (Registration: Kanto (K) No.106/ Registration date: July 1, 2019)
・Japan Consumer Credit Association (https://www.j-credit.or.jp/ Date of admission: July 1,2019)
■ About LINE Pay https://pay.line.me/portal/jp/main
With “CLOSING THE DISTANCE” as its corporate mission, LINE Corporation aims to bring people, businesses and money closer together. In December 2014, the mobile money transfer and payment service “LINE Pay” was launched on the communication app “LINE” and since then, more than 56.7 million people (as of November 2020) have registered for the service globally. LINE Pay supports a wide range of payment methods from street shops to online websites, allowing users to choose the method that best suits their lifestyle from a diverse lineup of services including prepaid methods and credit cards. In addition, LINE Pay offers a full range of convenient & smart features related to money, including the ability to send money to “LINE” friends, split payments, and easily manage expenses with “Usage Reports”. In addition to the high level of security that has been developed through the “LINE” business to date, LINE Pay will provide users with a more accessible and innovative Fintech service.
LINE Pay will bring people, money and services closer together as the mobile payment platform of “LINE” by eliminating the time, effort and other frictions that may occur in the circulation of money. LINE Pay aims to become the leading mobile payment service in a cashless and wallet-less society.
LINE Pay Corporation is registered as follows:
・Prepaid Payment Instruments (third party type) Issuer (Registration Number: Director-General of the Kanto Local Finance Bureau No. 00669 / Registration Date: October 1, 2014)
・Fund Transfer Operator (Registration Number: Director-General of Kanto Local Finance Bureau No. 00036 / Registration date: October 1, 2014)
・Japan Payment Service Association (http://www.s-kessai.jp/, Date of admission: August 6, 2014)
・Electronic Payment Service Provider (Registration Number: Director-General of the Kanto Local Finance Bureau (Dendai) No. 10 / Date of registration: December 20, 2018)
・Business Operator that Concludes Contracts on the Handling of Credit Card Numbers, etc. (Registration Number: Kanto (K) No. 80 / Registration Date: April 1, 2019)
・Japan Consumer Credit Association (https://www.j-credit.or.jp/, Date of admission: April 1, 2019)
