PayPay Corporation is pleased to announce the launch of a new initiative, Extra PayPay Points Stores, to support merchants’ sales promotions using PayPay Points, allowing merchants to grant their own PayPay Points to users.
Welcia Yakkyoku Co., Ltd. (hereinafter “Welcia”), which operates a nationwide chain of drugstores with dispensing facilities, and WinTicket Inc. (hereinafter “Winticket”), which provides a service that allows users to bet and receive payouts for state-sponsored sports gambling online via smartphones and computers, will start offering PayPay Points to their customers as their unique point service.
If a merchant is an Extra PayPay Points Store, they will be able to design the timing and conditions for granting points in accordance with their marketing strategies, and use PayPay Points for sales promotions at any given time. As the first promotional measure, Welcia will grant extra points every Monday starting from September 4, where if users pay with “PayPay” through the Welcia Group App they will receive 1% extra in points, for a maximum of 3%*1 of PayPay Points. In addition, users can earn up to 8% if they include points from other companies that Welcia grants through its Monday-exclusive promotion.*2
*1. Depending on how many PayPay STEP conditions are met, the regular grant rate will increase from 0.5% to 1.0%, 1.5%, or 2.0%. The grant rate may vary depending on the previous month’s usage. PayPay’s maximum grant rate of 2% combined with 1% from Welcia.
*2. Users can check the amount of points of other companies on the receipt, and the amount of PayPay Points in “PayPay.” For more details, please click here.
https://m.e-welcia.com/drug/20230904_paypay_plus1times_cp
For the second promotional campaign, PayPay is scheduled to introduce the Extra PayPay Points Store measure to Winticket (https://www.winticket.jp/) from late September, and PayPay Points will be added to the common points granted as a regular benefit regardless of the payment method. Two types of common points can be selected, and one point is granted for every 200 yen of the purchase amount. When paying with “PayPay,” users can save 0.5% of PayPay Points (one point per 200 yen) on top of receiving up to 2%*3 of the paid amount, for a total of 2.5%.
PayPay has been providing sales promotion support services utilizing PayPay Points to local governments, manufacturers, and merchants, leveraging the PayPay app with its 58 million users as a sales promotion platform*4. As PayPay Coupons have become popular, the number of coupons issued by manufacturers and merchants, as well as the number of users have also increased, exceeding 15 million.*5 Furthermore, PayPay Gift Cards are more commonly used by companies as rewards for promotions and surveys, and PayPay Points are also widely used in promotional campaigns conducted in cooperation with local governments and manufacturers
PayPay will continue to expand its efforts to support merchants’ strategic sales promotions and customer attraction, and enhance sales channels, thereby increasing the value of PayPay Points as common points and creating a world where PayPay Points can be saved and used in all aspects of daily life.
*3. One point will be granted for every 200 yen (including tax). Users can get up to 2% by meeting the conditions of PayPay STEP. The grant rate may vary depending on the previous month’s usage.
*4. Number of users who have registered a PayPay account as of June 2023
*5. As of March 2023.
■ 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 situations, 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 “point management,” a service that allows users access to a simulated investment experience involving the exchange of PayPay Points with points provided by a service provider that PayPay is partnered 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 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)
・Business Operator that Concludes Contracts on the Handling of Credit Card Numbers, etc., Registration #: Kanto (K) No. 106 (Registration date: July 1, 2019)
・Telecommunications Carrier (Filing #: A-02-17943 / Date filed: July 2, 2019)
・Fund Transfer Operator, Registration #: Director-General of the Kanto Finance Bureau, No. 00068 (Registration date: September 25, 2019)
・Notified Person Entrusted with Intermediation (Filing #: C1907980 / Date filed: December 18, 2019)
・Bank Agency Operator, License: Director-General of the Kanto Finance Bureau, No. 396 (Registration date: November 26, 2020)
・Financial instruments intermediary service registration number: Kanto Finance Bureau Director (Kinchu) No. 942 (Registration date: June 25, 2021)
・Japan Payment Service Association (https://www.s-kessai.jp/, Date of admission: September 12, 2018) )
・Japan Consumer Credit Association (https://www.j-credit.or.jp/, Date of admission: July 1, 2019)
* “PayPay” provides 4 types of PayPay balance: PayPay Money, PayPay Money Lite, PayPay Points, and Gift Vouchers.
PayPay Money can be used to pay for partner services and in transactions at merchants if the transaction value 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 services, can be remitted or cashed out, and is issued by PayPay 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 protects the debt it owes to its users in by depositing assets equivalent to or higher than the debt amount. 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 Points, which are granted through campaigns and promotions when using PayPay, can be used for partner services and in transactions at 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 Gift Voucher is a type of electronic money issued by PayPay, which can be used to make payments for affiliated services and merchants designated by the PayPay Gift Voucher. However, it cannot be transferred to other users or cashed out. PayPay Gift Vouchers are valid for six months after issuance, after which they 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, providing that certain conditions are met, the user can be compensated for the damages suffered (the difference will be provided as compensation if compensation is also provided by a third party). Please see applying for compensation (in Japanese only) for details.
*Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.
