Paytm to Make Its Way to Japan in Partnership with Softbank
Jul. 23, 2018Paytm is the leading mobile payments service provider in India, serving over 230 million users. Now, it seems like the Alibaba-funded company is all set to make its way to other countries as well, after entering Canada earlier.
As per the report,the new payments service will make extensive use of artificial intelligence for mobile payments and other financial services. In fact, dozens of Paytm employees are already working in Tokyo on getting the service up and running.
Softbank wants to use the new payments company as a launchpad to take the Paytm global as founder Masayoshi Son aims to capture a massive chunk of the global digital payments pie. Softbankcould possibly expand their new payments service to other financial offerings such as money lending, insurance, and other such services.
The next two years will see multiple regulatory changes in Japan which are expected to accelerate a shift to digital payments, already prompting huge interest from a variety of players including banks.
No official comment has been made from either side. Sources close to the company have stated that an announcement is imminent, but not sure when.
This isn’t an interview! Why am I being asked to tell you about myself? :P Well, if you really wanna know, I’m currently trending worldwide on #BeingMirchi. Buy me a beer if you like my work. Cheers!
