Naver's commerce biz in Japan to gain boost from SmartStore-PayPay collabo
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
According to sources on Thursday, Z Holdings, which was formed by a merger between Naver’s chat platform company Line and SoftBank’s Yahoo Japan, announced during a Wednesday conference call discussing the company’s April-June results that it will add MySmartStore to PayPay merchants to promote digital transformation. This means that Naver will allow PayPay merchants to use the MySmartStore solution to help them build e-commerce sites.
MySmartStore is the Japanese version of Naver’s flagship e-commerce platform SmartStore in Korea. Naver launched MySmartStore in Japan last October, marking its e-commerce business expansion in the global market.
PayPay, the No. 1 mobile payment platform in Japan, started its payment service in 2018 and has 48.65 million subscribers on a cumulative basis as of June, with the total payment volume reaching 4.9 trillion yen ($36.5 billion) at the end of last year. The number of PayPay merchants is 3.74 million nationwide.
With the introduction of MySmartStore by PayPay merchants, both PayPay merchants and MySmartStore vendors are expected to increase, and this should benefit Z Holdings in the growth of overall e-commerce sales, Z Holdings said.
Naver’s access to PayPay merchants is led by Z Holdings’ decision to incorporate PayPay as its subsidiary. Z Holdings and Softbank decided to form an intermediate holding company named B Holdings and will put PayPay under the holding company from October. This change is expected to boost Naver’s Japanese commerce business.
Analysts say that Naver needs new growth momentum for its commerce business after it gave in to Coupang and dropped to No. 2 in the Korean e-commerce market last year amid a slow growth of the entire e-commerce market in the post-Covid world.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- CJ ENM posts net loss while Studio Dragon reaps quarterly best income Q2 - Pulse by Maeil Business News Korea
- Korea’s sovereign fund KIC may have insider Lee Hoon as new CIO - Pulse by Maeil Business News Korea
- KT&G’s Q2 OP up 1% to $250 mn with solid cigarette sales despite setbacks - Pulse by Maeil Business News Korea
- Kia Sorento a favorite car for Korean men and smaller Kia SUV Seltos for women - Pulse by Maeil Business News Korea
- Neowiz’s Neopin adds to Web 3.0 hype after Wemade creates slash with Wemix 3.0 - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 영업이익률 40% 넘는 저가 커피 [편집장 레터]
- 하니, ‘10살 연상’ ♥양재웅과 결혼 발표 “함께하고 싶은 사람 만나”...EXID 첫 유부녀 탄생 - M
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이