PayPal and Softbank announce new joint venture in Japan, mobile app

[![Image][1] ][2]

PayPal has joined forces with [Softbank][3] to bring its mobile payment system/digital wallet to Japan. [ PayPal Here][4] uses an encrypted card reader -- like its BFF [Square][5], and more recently, [VeriFone][6] -- to minimize users' cash dependency. There's also a redesigned app that makes it easier for customers to locate participating merchants while they're out and about. The $25 million joint venture targets small businesses, especially those using iPhones (though it also works just fine on Android), and will be made available to the Japanese masses over the next several weeks. We're sure the setup will be used exclusively by the [forces of good][7] to stimulate the local economy.

[PayPal and Softbank announce new joint venture in Japan, mobile app][2] originally appeared on [Engadget][8] on Wed, 09 May 2012 15:31:00 EDT. Please see our [terms for use of feeds][9].

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[2]: http://www.engadget.com/2012/05/09/paypal-softbank-joint-venture-japan-paypale-here/
[3]: http://www.engadget.com/tag/softbank/
[4]: http://www.engadget.com/2012/03/15/paypal-introduces-mobile-card-reader-square-rival/
[5]: http://www.engadget.com/2009/08/03/square-iphone-payment-system-turns-your-phone-into-credit-card-r/
[6]: http://www.engadget.com/2012/05/08/verifone-outs-sail-mobile-payment-system/
[7]: http://www.engadget.com/2011/08/05/square-found-to-be-ripe-for-fraud-turned-into-card-skimmer/
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