PayPay to Launch Second Rebate Campaign

Economy

Tokyo, Feb. 4 (Jiji Press)--Japanese smartphone payments service provider PayPay Corp. said Monday it will launch a second campaign to give its users reward points worth 10 billion yen in total on Feb. 12.

The campaign by the joint venture between Softbank Group Corp. <9984> and Yahoo Japan Corp. <4687> will provide shoppers with reward points equivalent to up to 20 pct of purchase amounts. A user can receive points worth up to 50,000 yen over the campaign period.

The campaign will run until May 31, but it will end when the total rebate amount reaches 10 billion yen.

PayPay will cap such points at 1,000 yen per payment, aiming to encourage users to make more payments using the service at frequently visited locations such as convenience stores and drug stores.

Users will get a 20 pct rebate for payments using a bank account, 19 pct with a Yahoo credit card, and 10 pct with other types of credit cards.

[Copyright The Jiji Press, Ltd.]

Jiji Press