PayPal and Softbank Bid to Reboot Japanese JV - Information portal

PayPal and Softbank Bid to Reboot Japanese JV

(votes: 1, rating: 4)

05.08.2013 Количество просмотров 506 views
PayPalPayPal and SoftBank have moved to jump-start their Japanese venture with a new data-only phone package for merchants who sign up to PayPal Here. Having spent years failing to gain a significant foothold in Japan, last year PayPal formed a joint venture with Internet company Softbank in a bid to finally crack the country's digital payments market.

The JV's first move was to start selling PayPal Here, the dongle and app combo that allows users to accept card payments with their mobile phones, in Softbank Mobile stores.

A year on, PayPal says that "thousands" of merchants have selected Here but admits that many more have been reluctant to sign up.

"Put simply, some of them just don't want to take payments on their personal mobile phone. No one wants to be caught deciding whether to take a payment or answer a phone call from a loved one," says the firm in a blog post.

To address this issue, SoftBank is introducing a data-only Android phone package costing around US17.50 a month. The package includes an Android phone, free with contract, as well as a PayPal Here card reader, stickers, a guide book and other marketing materials.

In addition the PayPal Here card reader will become effectively free thanks to a credit into a merchant's PayPal account after their first transaction. Previously, the reader cost around US$14.
Source:  Finextra


  from 27.02.2017 to 4.02.2017 Loyalty Expo 2017  
  from 18.04.2017 to 19.04.2017 4th International PLUS-Forum “Online & Offline Retail» 2017  
  from 7.06.2017 to 8.06.2017 8th International PLUS Forum “Cards, Payments and Mobile 2017”  
  from 12.06.2017 to 14.06.2017 Global E-commerce Summit 2017  
  All Events - only
the main news on the Market!