- PayPal Is Launch Partner and Paidy Account Holders Can Now Shop at PayPal's 
29 Million Merchants Worldwide -

Paidy Inc., Japan's leading "Buy Now Pay Later" provider, which serves 700,000 
online merchants in Japan, announced on April 16 Paidy Link, a new feature in 
the Paidy app, that allows users to instantly link digital wallets with their 
Paidy accounts. The first digital wallet to integrate with Paidy Link is PayPal 
with plans to expand in the future through cooperation with a variety of 
partners.

(Logo: https://kyodonewsprwire.jp/img/202104093510-O2-498Pa20m)

(Image: 
https://kyodonewsprwire.jp/prwfile/release/M106563/202104093510/_prw_PI1fl_iL56501G.jpg)


By using Paidy Link with PayPal, consumers in Japan can shop for the goods that 
they love at PayPal's 29 million merchants around the world, all via PayPal 
checkout. Each purchase will be automatically converted into a Japanese yen 
purchase with Paidy that can be settled each month with Paidy "Atobarai," the 
Buy Now Pay Later service, or 3-Pay. This will allow Paidy users to manage 
their budgets easily and wisely within the Paidy app.

Paidy's mission is to "take the hassle out of your payment and purchase 
experiences." It aims to create an environment where everyone can shop wisely 
and joyfully. With Paidy, customers can shop easily with just their mobile 
phone number and email address, and then pay the accumulated charges the next 
month. From October, 2020, Paidy also began offering 3-Pay, a service that 
allows customers to split charges into three equal, interest-free, monthly 
installments (*), which has been very well received.

Paidy Link is available in the Paidy app, as part of a service that includes 
3-Pay, visible credit limits, and more. Customers can start using Paidy Link 
immediately by opening the Paidy app, and then following a few simple steps to 
link their Paidy account to PayPal.

Russell Cummer, Paidy Founder and Executive Chairman, said, "I am extremely 
excited to announce the launch of Paidy Link, offering a great new way for 
consumers to use their Paidy accounts for online shopping internationally. 
PayPal is an amazing partner for us to launch this functionality with and we 
are sure that our 5 million account holders will be thrilled to take advantage 
of the combined power of Paidy and PayPal. We look forward to working closely 
with PayPal to literally bring the world to our Japanese consumers."

Peter Kenevan, VP, Head of PayPal Japan, commented, "We are excited about our 
partnership with Paidy. This partnership allows Paidy users to have access to 
PayPal's 29 million merchants -- in fashion, gaming, cosmetics and more -- from 
Japan and around the world. By linking their Paidy accounts to PayPal, 
consumers can enjoy much greater freedom and more choices from the comfort of 
their home."

About Paidy
Paidy is Japan's pioneer and leading BNPL service with the mission to spread 
trust through society and to give people room to dream. Paidy offers instant, 
monthly-consolidated credit to consumers by removing hassles from payment and 
purchase experiences. Paidy uses proprietary models and machine learning to 
underwrite transactions in seconds and guarantee payments to merchants. Paidy 
increases revenue for merchants by reducing the number of incomplete 
transactions, increasing conversion rates, boosting average order values, and 
facilitating repeat purchases from consumers. Paidy continues to innovate to 
make shopping easier and more fun both online and offline.
https://paidy.com/

(*) Interest-free installment payment is available with account transfers or 
bank transfers.


Source: Paidy Inc.