SoftBank-Backed PayPay To Launch Overseas Payment Service in Taiwan

MT Newswires Live04-15 09:19

SoftBank-backed (TYO:9984) PayPay will roll out its overseas payment service in Taiwan from late April, marking its second expansion after South Korea, according to a Tuesday company statement.

Users will be able to make payments at about 400,000 locations displaying the TWQR code, including convenience stores and restaurants.

The service allows real-time conversion into yen and includes a new exchange rate calculator to improve transparency.

PayPay Points will be awarded on purchases, with additional incentives such as a scratch lottery for overseas spending. The company plans promotional tie-ups with major Taiwan convenience store chains and airport transit cards.

The app will automatically switch to overseas mode for verified users, while keeping data stored securely in Japan.

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