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Exclusive-SoftBank considering US listing for its PayPay business - sources

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TOKYO :SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm. New York is seen as a more attractive destination than Tokyo f

TOKYO :SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm.

Representatives for PayPay and SoftBank Group's domestic telecoms business, SoftBank Corp, said they would not comment on speculation. PayPay is owned by SoftBank Corp, its internet business, Z Holdings, and the group's second Vision Fund.SoftBank Group shares closed up 2 per cent, with Z Holdings surging almost 6 per cent in their biggest one-day gain since February.

PayPay, which offers QR code payment services, is used by more than 55 million people in Japan, making it a top player in a crowded digital payments market.

 

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Exclusive-SoftBank considering US listing for PayPay payments business- sourcesTOKYO : SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm. New York is seen as a more attractive destination than To
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