PayPal and Softbank team up for 'PayPal Japan' venture
Online-payment company PayPal and Japanese telecom and Internet firm Softbank announced this evening a joint venture, PayPal Japan, meant to create "the premier digital wallet for online, mobile, and offline transactions" in the Asian country -- one of the world's largest economies.
As a first step, the companies said Japan would be the fifth nation to get PayPal Here, a Square-like service that lets small businesses accept credit and debit card transactions -- and PayPal payments -- through a smartphone.
PayPal Here was unveiled in March, in the U.S., Canada, Australia, and Hong Kong. A week … Read more