PayPal President David Marcus, eBay CEO John Donahoe (PayPal is an eBay brand), and SoftBank CEO Masayoshi Son announced “PayPal Here” in Tokyo today, a payment solution for smartphones. This is huge news for PayPal’s Japan unit, which has been operating in this country for years but hasn’t achieved the success it has seen in… Continue reading “PayPal Here”: SoftBank And PayPal Join Forces In Japan For Smartphone Payment Solution
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New Law Approved To Permit Nonbank Remittance And To Accelerate E-Commerce Deals
New legislation (its proposal draft[J]), which allows nonbanks to deal with payments and money transfers, was approved by the Lower House of Japan today. It will accelerate competition in reducing remittance charges among banks and potential service agents in this market. In order to protect consumers from damages caused by possible bankruptcies of remittance agents,… Continue reading New Law Approved To Permit Nonbank Remittance And To Accelerate E-Commerce Deals