SoftBank’s PayPay to buy T&D’s life insurer for $840 million
PayPay, Japan's dominant payments app, said it will take a 70.2% stake in privately held T&D Financial Life Insurance.
The Japan Times · "SOFTBANK" · 총 4건
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PayPay, Japan's dominant payments app, said it will take a 70.2% stake in privately held T&D Financial Life Insurance.
Japan's cashless payments market has expanded for more than a decade as consumers who once overwhelmingly favored paper money turn to electronic services.
Shares of the Masayoshi Son-led technology group have climbed as much as 10% in Tokyo trading Monday, as AI-related shares climbed across the region.
The deal is a result of personal diplomacy between French President Emmanuel Macron and SoftBank founder Masayoshi Son, who met in Japan earlier this year.