Mercari: Acquires Local Mobile Payments App Origami

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Mercari: Acquires Local Mobile Payments App Origami

Mercari: Acquires Local Mobile Payments App Origami

  • Mercari has acquired payment app Origami, a rival to its mobile payment unit Merpay
  • The stock transfer expected to take place on February 25, 2020
  • As part of the acquisition, Origami’s users and merchants, the Origami Pay service, and the brand also will integrated into Merpay
  • The community-based shopping app is also planning to run aggressive regional events using Merpay
  • Mercari, a firm with 15M users of its eponymous fleamarket app, which lets people trade used items via their smartphones
  • Then it started Merpay in 2019, and within one year, it has 5 million users