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.
SoftBank has previously expressed an aim to list PayPay, with one executive saying in November it was worth just under 1 trillion yen . That the conglomerate is considering a U.S. listing has not been previously reported.Representatives for PayPay and SoftBank Group's domestic telecoms business, SoftBank Corp, said they did not comment on speculation. PayPay is owned by SoftBank Corp, its internet business, Z Holdings, and the group's second Vision Fund.
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.