PayPay's quarterly gross merchandise value Q1 2021-Q3 2023
In the third quarter of fiscal year 2023, the gross merchandise value (GMV) of mobile payment platform PayPay amounted to around 2.62 trillion Japanese yen. This marked an increase of 17.8 percent compared to the same quarter of the previous year. PayPay enables users to perform financial transactions by scanning a QR code or bar code using a smartphone app.