Japan's largest instant messaging service company Line and the flea market application Mercari are pushing digital payments.
People familiar with the matter said that the service will widely use artificial intelligence (AI) to provide services for mobile payments and other financial services.
One person familiar with the matter said that dozens of Paytm employees are working in Tokyo to start and run the service.
People familiar with the matter said that Softbank hopes the project will provide the company with a platform to bring the service to the world, because Sun Justice hopes to take a slice of the consumption trend of not using cash.
People familiar with the matter said that Softbank may expand its payment system and increase loans, insurance and other financial services.
Japan's recent regulatory reforms will take effect in the next two years and are expected to accelerate the transition to digital payments, which has caused great interest among many players, including banks.
Sun Zheng has participated in hundreds of transactions through Softbank Group and the nearly $100 billion Softbank Vision Fund. The group holds shares in Uber, Singapore's Grab, Didi Travel and India's Ola, and has become a global network car. The biggest investor.