SoftBank Group (TYO:9984) and LY Corp.'s (TYO:4689) subsidiary has partnered with Tencent's (HKG:0700) WeChat Pay, for its nationwide merchant network from mid-September, according to a statement on Friday.

This integration will allow users from 26 different cashless payment services across 14 countries and regions, including WeChat Pay's over 1.4 billion monthly active users, to make payments at PayPay merchants for dining, shopping, and accommodations, the report said.

The move capitalizes on strong inbound tourism growth, with visitor numbers hitting a record high for July 2025 and exceeding 20 million in the first half of the year-the fastest pace on record.

This initiative is part of PayPay's ongoing strategy to support merchants in capturing inbound demand by offering a seamless payment experience that automatically converts prices from yen to the user's home currency.