Japan's Mercari to buy Origami in latest cashless payments consolidation
23/01/2020 06:55
TOKYO, Jan 23 (Reuters) - Fleamarket app operator Mercari
Inc 4385.T said on Thursday it would buy QR code payment app
operator Origami for an undisclosed amount in the latest example
of consolidation as cashless payments take off in Japan.
The acquisition by Mercari, which has its own cashless
payments business, comes after rival SoftBank Group Corp
9984.T last year said it would acquire Line Corp 3938.T .
(Reporting by Sam Nussey; Editing by Kim Coghill)
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