- PayPay shares are trading at $15.28, down 5.1% today.
- The decline follows the announcement of a strategic and capital alliance with Seven & i Holdings, SoftBank, and Sumitomo Mitsui Financial Group.
- This alliance includes PayPay acquiring a stake in Seven & i for approximately ¥100 billion.
- The move comes after the stock surged over 8% on July 30 following strong Q2 results and guidance.