Market coverage 1
- Japan Yen
Paidy is a popular payment method in Japan that offers a convenient alternative to traditional credit cards. It was launched in 2008 and has become one of the leading online payment service providers in Japan.
The main feature of Paidy is that it allows users to make online purchases without the need for a credit card or bank account. Instead, users can sign up for Paidy by simply providing their mobile phone number and email address. Once registered, they can make online purchases using their Paidy ID and confirming their purchase via SMS.
The advantage of Paidy is that it provides a quick and frictionless shopping experience. Users don’t need to fill out lengthy forms or enter credit card information every time they make an online purchase. They can simply choose the Paidy payment option, enter their ID, and confirm their purchase. The amount of the purchase is then billed to the user at the end of the month, and they can pay the invoice using various payment methods, such as bank transfers or cash payments at partner convenience stores or post offices.
Paidy also offers account management features for users, allowing them to view their purchase history, track their expenses, and manage their monthly payments.