SoftBank, Paytm, Yahoo Japan Unveil Payments App

Ambitious Japanese mobile payments joint venture PayPay launched a consumer app alongside a number of offers to boost uptake in the cash-reliant market.

The venture is a collaboration between India-based mobile wallet company Paytm, Yahoo Japan and multinational SoftBank, which also owns significant stakes in the other two companies.

After mounting speculation it was set to enter the mobile payments space in its home market of Japan, SoftBank announced it was working on PayPay in July.