PayPay Corporation is pleased to announce that PayPay Gift Voucher, which is a type of balance in the cashless payment service “PayPay,” will be employed in Nara Prefecture’s premium electronic coupon “Coupons for Hard Workers.” PayPay Gift Vouchers have been well-received as a thank-you gift that can be used at stores and facilities within the region specified by local governments, in return for donations on the hometown tax donation (furusato nozei) portal site “Satofull” operated by Satofull Co., Ltd. From now on, besides the thank-you gifts on “Satofull,” Gift Voucher will be available for a wide range of purposes, such as for revitalizing local economies.
Applications for the Nara Prefecture “Coupons for Hard Workers,” in which PayPay Gift Vouchers will be used, will start on October 2, 2023. A dedicated mini app will be displayed on the PayPay app*1, and individuals who meet certain conditions can apply from this mini app.*2 Applicants will be screened for their eligibility and there will be a lottery to determine who of the eligible users will be granted PayPay Gift Vouchers. By purchasing the PayPay Gift Vouchers in the mini app, winners can use them at participating stores in Nara. For more details, please visit the promotion page.
*1. Please use the latest version of the PayPay app.
*2. If the dedicated mini app does not appear, you can apply by opening the link to the mini app from the promotion page.
PayPay Gift Vouchers have been used as a thank-you gift for donations to local governments on the “Satofull” portal. As of September 2023, over 450 local governments have introduced the voucher, and by the end of 2023, approximately a third of all local governments are expected to adopt the service.
PayPay Gift Voucher has advantages as a tool, such as being able to limit the users and stores where it can be used, making it easier to tailor the tool to the issuer’s purposes. “PayPay” is used by about two-thirds of Japan’s smartphone users, boasting over 58 million users, and is widely adopted by large chains to small and medium-sized stores nationwide. By using the PayPay Gift Voucher, various local revitalization measures can be taken. PayPay will continue to strongly promote the efforts of each local government through the “PayPay” platform.
*3. When other municipalities use the PayPay Gift Voucher in their measures, the offers may differ from that of Nara Prefecture.
＜Overview of Nara Prefecture Premium Electronic Coupon “Coupons for Hard Workers”＞
Promotion page:https://paypay.ne.jp/event/nara-gift-vouchers-20231001/
Promotion period:
Application period: From 10:00 a.m. on October 2 to 11:59 p.m. on October 22, 2023
Notification of lottery results: November 13, 2023
Purchase period: From November 13 to February 28, 2024
Period of use: From PayPay Gift Voucher grant date to 11:59 p.m. February 29, 2024
Description:
Those who are residents of Nara Prefecture and employed by a business or other organization (excluding employees working for the national or local governments or incorporated administrative agencies, corporate executives, and self-employed persons) are eligible to apply. Among them, the eligible applicants selected by lottery can purchase a PayPay Gift Voucher worth 15,000 yen for 10,000 yen, which can be used at participating stores in Nara Prefecture.
For details on eligibility, please see the promotion page.
*The application requires identity verification (eKYC) on “PayPay.” For identity verification (eKYC), a My Number Card or a driver’s license is required. Users cannot apply if both identity verification (eKYC) and application are not completed during the application period. Therefore, users are advised to verify their identity (eKYC) in advance. For more details, please visit here.
*A valid document proving employment must be uploaded. For more details, please visit the promotion page.
Participating stores:
PayPay merchants in Nara Prefecture that are designated by Nara Prefecture and PayPay as participating stores.
Grant limit:
Up to 30,000 yen worth (including up to 10,000 yen worth of premiums).
*Up to two entries per person
Grant date:
On a date between November 13, 2023 and February 28, 2024 when PayPay Gift Vouchers are purchased.
*In principle, PayPay Gift Vouchers will be granted on the scheduled grant date, but the grant may be delayed due to the usage situation or for system reasons.
For more details, please visit the promotion page.
■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 the “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 “Earn Points,” 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 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 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 Voucher has an expiration date, after which it will no longer be valid. Please confirm the deadline for the policies and campaign specifications for issuing PayPay Gift Vouchers.
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.
