Last Updated : 30-07-2014 05:52

 
 

Softbank, PayPal form Japan JV, target iPhone users

E-mail Print

Softbank Corp said on Wednesday that it and eBay Inc unit PayPal will form a joint venture to expand Japan's e-payments market by targeting users of Apple Inc's iPhone.

Softbank, which competes with bigger KDDI Corp in supplying Apple's popular smartphone in Japan, and PayPal will each invest 1 billion yen ($12.54 million) in the joint venture, Softbank President Masayoshi Son told reporters at a news conference.

($1 = 79.7750 Japanese yen)

(Reporting by Ayai Tomisawa)

(Reuters)

 
 

Views : 2247
 
SocialTwist Tell-a-Friend


Add comment


Security code
Refresh

ads
Japanese coastguards cleaning Mt. beach
Eid Mubarak!
Eid Mubarak
JVP leader injured in accident
Japanese coastguards cleaning Mt. beach
Eid Mubarak!
Eid Mubarak
JVP leader injured in accident