Paytm to acquire 7% stake in SoftBank-owned ‘PayPay Japan’
PayPay Japan is a QR code-based payments firm, a joint venture of SoftBank and Yahoo Japan
It was founded as a cashless business service in 2018
The platform can also be used for online service payments and utility bill payments
The company has about 40 Mn users carrying out 2 Bn transactions annually
Paytm is the technology partner of PayPay Japan
