Friday, 24 March, 2023
Google to acquire Japanese digital payment firm Pring
<p>Google is looking to expand its reach in Japan’s cashless market as it has agreed to acquire digital payments firm Pring. A combined 87 % of Pring will be sold by the company’s top three shareholders - Metaps, Miroku Jyoho Service, and Nippon Gas. Metaps said it is selling its 45% stake for 4.9 bn yen. Google Pay has been operating in Japan since 2016. Japanese people have been encouraged by firms like Rakuten and Softbank group to go cashless.</p>
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