Earlier in October, Polarify, our joint venture with Sumitomo Mitsui Financial Group/Sumitomo Mitsui Banking Corporation and technology partners NTT Data, announced the incorporation of Daon’s technology into the newly launched PayPay Money, a cashless payment service that allows users to pay and make transfers to other users by scanning a barcode linked to their bank accounts.

Polarify’s customers now include several of the world’s most prestigious companies including Japan’s biggest life insurer, Nippon Life Insurance and SMBC retail banking itself. PayPay is the first to sign up for Polarify e-KYC. 

Read more about Polarify’s rapid adoption in this latest article from the Irish Independent here