• About
  • Contact
Tuesday, April 13, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Paytm’s Japanese Product – PayPay Now Has 25M Users

Mihir Gupta by Mihir Gupta
February 27, 2020
in News, Startup, Tech
2 min read
0
paypay - next big brand
Share on FacebookShare on Twitter
  • Paytm’s PayPay reached around 10 million users in August 2018. Now it’s userbase is over 25 million.
  • PayPay is a joint venture between SoftBank Corp, Yahoo Japan Corporation and Paytm which is operating in the Japan area.

Paytm might have been struggling in India to gain market share which is eaten up by other giants like GooglePay, Amazon Pay and others. But in Japan, Paytm’s PayPay is turning out to be a superstar product.

paypay - next big brand

In addition to its growing userbase, PayPay has over 1.94 million merchants and local stores listen on the platform. With its unique QR code technology, Japan is experiencing a digital transformation.

The mobile payments app now has more than 100 million transactions done by the Japanese people while in the month of June, PayPay had around 8 million users.

Vijay Sekhar Sharma founder and CEO of Paytm thanked India for giving all the inspiration and motivation with which it was not much difficult to foray into the Japanese market with PayPay with such a strong response.

PayPay – A Short Instigation

PayPay started its operations in October 2018 with an aim to promote a cashless payment tradition in Japan (just like the company did in India) and to provide highly convenient services to both consumers and affiliated stores.

Paytm having pioneered in QR-code in India recently launched a series of products including all-in-one QR code and All-in-one Android POS – which has proved to be a good backup for their product PayPay.

“Success of PayPay is a testament to Paytm’s ability to leverage its technology and business knowledge to expand globally. Just like India, Japan has embraced digital payments, which has helped our userbase to jump from 5 million to 25 million in a matter of months. It is amazing that Paytm is responsible for the mobile payment and cashless revolution in Japan after radically transforming the Indian digital payments landscape. The success of PayPay proves that our industry-leading solution can be easily ported to suit the needs of any country or market.” – Aditya Mhatre, VP of Paytm commented.

In December last year, PayPay crossed 100 million userbase milestones in a single month.

Coming back to India, Paytm claims to have over 300 million wallets, 100 million registered UPI handles, 220 million saved card details, 55 million bank accounts, and 16 million merchants as of now.

Summing Up:

While Paytm struggles in India, it was a wise and clever move to foray into another market which is more or less as populated as India is and where people still rely on cash payments.

However, with growing userbase, it will definitely attract other players to enter the market. All we have to see is will PayPay lose its market share just like Paytm did in India or it will come with competitive strategies to surpass anyone that tries to compete with it.

Additional Reads –

PayTm’s First Games is uplifting gaming generation in India.

Paytm has to shut down it’s Mall vertical due to cost burden.

 

Previous Post

Here Are Earth’s Richest Billionaires – Hurun Global Rich List 2020

Next Post

Even Though Samsung’s Loosing Market Share, It Is India’s Most Desirable Smartphone Brand

Mihir Gupta

Mihir Gupta

Neophyte | Bibliophile | Audiophile

Related Posts

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella
Industries

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports
Internet

Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

April 11, 2021
Top 5 Made in India Short Video Apps Winning the Game in India
Case Study

Top 5 Made in India Short Video Apps Winning the Game in India

April 10, 2021
Jeff Bezos to Step Down as CEO of Amazon Later This Year
Industries

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
Industries

Nike is the Undisputed King among Apparel Brands: Brand Finance Study

April 9, 2021
Next Post
desirable smartphone brand - next big brand

Even Though Samsung’s Loosing Market Share, It Is India’s Most Desirable Smartphone Brand

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

MX Player International- Next Big Brand

MX Player Expands To US, UK & Other Markets For International Push

1 year ago
TCS Profitable Employees Shares- Next Big Brand

TCS Will Not Lay Off Employees & Freezes Salary Hike Amid Pandemic

12 months ago
jet airways

Two Suitors In Race To Revive Jet Airways By Acquiring It

2 years ago
Midhula Devabhaktuni: Inspiring Women with Her Successful Entrepreneur Journey

Midhula Devabhaktuni: Inspiring Women with Her Successful Entrepreneur Journey

1 month ago

FOLLOW US

  • 33.5k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
  • Nykaa Acquires Jewellery Brand Pipa Bella
  • Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

Instagram

Follow Me!

Latest News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.