Paytm has launched a QR-based smartphone payment settlement service in Japan in collaboration with SoftBank and Yahoo Japan Corporation. it is a smartphone-based settlement service that allows users to store money from a bank account in their ‘PayPay’ wallet and make payments with it.
Paytm stated that it is built around its QRtech which it has deployed in India to allow customers to make offline payments. Paytm is also offering a ‘cashback’ to users of PayPay in Japan.
Source- Business Today
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- Paytm Founder: Vijay Shekhar Sharma.