Japan-based mobile payment app PayPay is preparing to list its shares on the US Nasdaq to reinforce its overseas operations.
The company is one of Japan’s largest payment application providers. PayPay filed documents with the US Securities and Exchange Commission on Thursday and says it expects to join the tech-heavy Nasdaq as early as March.
PayPay has grown to more than 72 million users as of the end of December since its 2018 launch.
The company also says it has signed a partnership with credit card provider Visa with the aim of starting cashless settlement services in the US.