Tiger Global Management Adds $6M in PayPay Corporation ($PAYP)
Key Points
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Tiger Global Management acquired a new position in PayPay Corporation ($PAYP), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of PayPay Corporation. Tiger Global Management's holdings in PayPay Corporation were worth $5.73 million as of its most recent filing.
PayPay Corporation Stock Down 6.2%
Shares of PayPay Corporation ($PAYP) traded around $14.33 on Sunday, down 6.2% for the day.
PayPay Corporation Earnings
Analysts Set New Price Targets
About PayPay Corporation
PayPay Corporation, a digital finance platform, provides payment and financial services in Japan. It operates through two segments, Payment and Financial Service. The Payment segment provides payment settlement and related services through its PayPay app; and credit payment services, such as revolving and installment payment options and cash advances. The Financial service segment offers internet banking, securities intermediary, PayPay Point investment-related, and loan management services. It also provides PayPay settlement, PayPay balance, PayPay credit, payments using linked services, utility bill and tax payments, payments using PayPay bank app, overseas payment mode, credit payment settlement, revolving and installment payment option, cash advance, and acquiring services; and in financial services comprising internet banking, deposit accounts and remittance, lending, foreign exchange transaction, digital securities, app-based investment, PayPay securities app, automated investing, CFD trading, PayPay point management, and loan management services through credit engine. In addition, the company offers other value-added services for users and enterprises, such as insurance and marketing services that merchants have the option to subscribe. It serves users and merchants through PayPay brand names. The company was incorporated in 2018 and is headquartered in Shinjuku, Japan.
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