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Paytm to acquire 7% stake in SoftBank-owned PayPay Japan

Shortpedia

Content Team
Image Credit: Inc42

Homegrown digital payments giant Paytm is likely to get about 7% stake in QR code-based payments business PayPay Japan, almost two years after the Vijay Shekhar Sharma-led company was given the call option to convert its holdings into shares. The development was revealed in SoftBank’s regulatory filings. PayPay is run by a joint venture between SoftBank and Yahoo Japan, with Paytm as the technology partner