PayPay payment app files more patents than Japan's big 3 banks combined

Fintech company attempts to keep edge by legally shielding technology it develops

20230811N PayPay

PayPay makes it a rule to file patents when it creates new functions for its payment app. (Photo by Suzu Takahashi)

YUKI NAKAMURA, Nikkei staff writer

TOKYO -- Japanese mobile payment service PayPay is taking steps to guard its financial technology, filing 90 patents in 2021, more than double as many as the country's top three banks combined.

PayPay filed 88 patents in 2022, with a similar figure expected this year and beyond, according to research by Nikkei and Tokyo-based patent analysis company Patent Result. 

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