Seven & i, PayPay to Integrate Customer IDs
Japanese retail giant Seven & i Holdings and payment provider PayPay are in discussions to integrate their customer identification systems. The move could involve a significant investment from PayPay and SoftBank into the retail group.
Why it matters
Data integration between major retail and fintech platforms signals a consolidation of consumer data ecosystems in the Japanese market.
Tokyo, July 23 (Jiji Press)--Japanese retail giant Seven & i Holdings Co. and smartphone payment firm PayPay Corp. are considering integrating their customer identification data, it was learned Thursday.
Seven & i's 7iD system is expected to be integrated into the PayPay ID system. The timing of the integration and other details have not been decided.
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