Paytm debuts in Japan with launch of PayPay, plans an entry into Europe

Indications of entering Europe were given last year by Vijay Shekhar Sharma, founder of One97 Communications, when he launched in Canada

Paytm is on a major global expansion drive. After launching its wallet in Japan, sources said Paytm is planning to make an entry into Europe. However, things are at a nascent stage and plans of entering Europe might not kick off before next year. After gaining 300 million mobile wallet users in India, the firm has now expanded operations to Japan via PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation. 

In an announcement on Friday, the company said it will launch ‘PayPay’ smartphone payment services using barcodes (QR code) in the later part of 2018.