SoftBank (SFTBF) is partnering with Yahoo Japan to launch a mobile payment app called PayPay this fall, the company announced Friday. The government wants to change that, announcing earlier this year that it wants to double the number of cashless transactions by 2025. It's also pushing more stores to accept cashless payments ahead of the 2020 Olympics in Tokyo. Related: Google joins India's cashless payments rushPaytm is also part of SoftBank's tangled global investment web. Several Asian countries including China and India have started moving away from cash and toward mobile and digital payments.

Source: CNN July 27, 2018 11:26 UTC