Visa invested $55 million on Paidy

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paidy-visa

Japan-based fintech startup Paidy has revealed an investment from Visa as part of its Series C funding round of $55 million

  • The two companies are partnering on a new digital payment solution
  • Customers can purchase products online without pre-registration or a credit card
  • User verification is by mobile phone number and email address and settlement in a single monthly bill
  • Paidy has over 1.5 million users, it is working to develop and support new payment methods
  • Visa says as Japan is among the world’s fastest growing e-commerce markets
  • In 2017, Visa says the scale of the domestic e-commerce market in Japan expanded by 9.1% to 16.5 trillion yen.