PayPay Corporation (hereinafter “PayPay”), a joint venture of SoftBank Group Corp., SoftBank Corp., and Yahoo Japan Corporation, will renew the payment management tool for merchants, “PayPay for Business” (web version). The new “PayPay for Business” will be available to merchants from October 28, 2021, with improved design and operability. In addition, the new “Omakase (automatic) Settings” feature, which was first offered on the app version, will allow businesses to easily create “PayPay Coupons*” on the web version.
Renewed “PayPay for Business” (web version) design on the right
* To issue “PayPay Coupons,” merchants must subscribe to the “PayPay My Store Lite Plan” (1,980 yen/month, tax excluded). The merchants will be responsible for funding the PayPay Bonus granted to users who use the coupons. A usage fee will also be incurred against the payment amount for transactions that use “PayPay Coupons.”
This initiative is the first step in the company’s efforts to evolve “PayPay for Business” into a tool that further supports merchants, just as the PayPay app will grow into a “super app” that enriches and makes users’ daily lives more convenient.
With this renewal, the screen design of “PayPay for Business” (web version) will be the same as that of “PayPay for Business” (app version). The web version is mainly used on PCs, while the app version is used on tablets and smartphones. By applying the app version’s excellent design and high operability to the web version, merchants can use the functions they want to use more smoothly without feeling any difference or inconvenience regardless of operating from a PC, tablet, or smartphone.
Moreover, the popular “Omakase Settings” feature that makes it easy to create “PayPay Coupons” on the app version will also be available for the web version. With this feature, merchant owners can intuitively select the minimal required items and easily create coupons in a few simple steps. If they want to add detailed settings, they can do so on their own, as has been until now.
Some of the PayPay Coupon creation screens using the “Omakase Settings”
PayPay will continue to further evolve “PayPay for Business” and enhance its features and services for all types of merchants.
PayPay will continue to offer the convenience of cashless payments to users as well as all kinds of retailers and service providers, with the goal of creating a world in which a safe cashless shopping experience can be enjoyed anywhere in Japan. “PayPay” will continue on the path to evolve from a “payment app” into a “super app” that will make users’ lives richer and more convenient, fostering a culture of “Anytime, Anywhere with PayPay.”
■ About “PayPay”, the cashless payment service provided by PayPay Corporation
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 Corporation is registered under the following businesses and associations:
・Prepaid Payment Instruments (third party type) Issuer, Registration#: Director-General of the Kanto Finance Bureau, No. 00710
・Fund Transfer Operator, Registration#: Director-General of the Kanto Finance Bureau, No. 00068
・Japan Payment Service Association (https://www.s-kessai.jp/, Date of admission: September 12, 2018)
・Bank Agency Operator, License:Director-General of the Kanto Finance Bureau, No. 396
・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)
・Financial instruments intermediary service registration number: Kanto Finance Bureau Director (Kinchu) No. 942
* “PayPay” provides 4 types of PayPay balance: PayPay Money, PayPay Money Lite, PayPay Bonus and PayPay Bonus Lite. PayPay Money can be used to pay for partner services and merchants if it is within the amount deposited into the PayPay account opened after completing an identity verification process. It can also be used for sending and receiving money between PayPay users free of charge. PayPay Money can also be cashed out to a designated bank account (no withdrawal fee if using PayPay Bank). The legal nature of this is an electromagnetic record which can be used to pay for goods and other services, and can be remitted or cashed out, issued by the Company who is a Fund Transfer Operator registered under Article 37 of the Payment Services Act. Based on the provisions of Article 43 of the Payment Services Act, PayPay preserves the debt it owes to its users in full amount and more by depositing its assets. PayPay Money Lite is an electronic money issued by PayPay, which can be purchased and used to pay for services and merchants. PayPay users can transfer and receive PayPay Money Lite free of charge. The legal nature of this is a prepaid payment instrument issued by PayPay (Article 3, Paragraph 1 of the Payment Services Act). Based on the provisions of Article 14 of the Payment Services Act, PayPay preserves the relevant assets for the purpose of protecting the owners of the prepaid payment instrument by providing a security deposit for issuance to the Legal Affairs Bureau in an amount that is half or more of the unused balance of prepaid instrument methods as of March 31 and September 30. In addition, PayPay Bonus and PayPay Bonus Lite, which are granted through campaigns and promotions when using PayPay, can be used for partner services and merchants in addition to PayPay Money and PayPay Money Lite. However, PayPay Bonus and PayPay Bonus Lite cannot be sent or transferred between PayPay users or be cashed out. PayPay Bonus Lite has an expiration date, after which date it will no longer be valid.
PayPay also strives to create a safe and secure environment for users. If an unexpected payment is made by a third party using a PayPay account, or if a request to settle a payment suddenly arrives from PayPay to a user that does not have a PayPay account, there is a scheme that ensures compensation for the damages suffered (the difference will be provided as compensation if compensation is also provided by a third party), given that the prescribed conditions are met. Please see “Applying for compensation” for details.
*Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.
