SoftBank-backed PayPay to enter life insurance business
Business deals
Nasdaq-listed company to acquire Japan’s T&D subsidiary for $839m
Japanese mobile payment service PayPay will acquire insurer T&D Financial Life Insurance for around $839 million, marking its full-scale entry into the business. (Photos by Suzu Takahashi and Yo Inoue)
TOKYO — Japanese mobile payment service PayPay announced Thursday that it will enter the life insurance business as early as October 2027, as the SoftBank Group-owned company aims to expand its customer base.
