PayPay

PayPay is an e-wallet which allows customers to simply enter the amount they wish to pay or to scan a QR code with price embedded in it. Customers can upload money from their bank account or credit card and by using an ATM at a participating bank.

The Japanese pay for 11% of all online purchases using e-wallets. That’s an e-commerce segment worth approximately US$24 billion.

Other e-wallets available in Japan include PayEasy, BitPay and HyperWallet.

The benefits of e-wallets in Japan

  1. Over 30% of Japanese don’t have a credit card.
  2. Between 2021 and 2025 the Japanese e-commerce market will grow by US50bn.
  3. Japanese shoppers already spend US$26bn with cross-border merchants.

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Type Wallet
Company behind LPM PayPal Pte. Ltd.
Market share details 10 m users, 8% of total Japanese population
Market relevance High
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