TapTechNews would like to thank its users for providing clues. According to Asahi Shimbun and Yomiuri Shimbun, Japan's SoftBank's cashless payment service giant PayPay experienced a sudden failure around 12:15 local time today, causing the service to be unavailable. When users tried to use PayPay, the app would pop up a message saying Error, please try again. The failure occurred during lunchtime and affected many users who were trying to purchase lunch. SoftBank announced that the service was restored around 15:30 local time. Reports indicated that PayPay has over 60 million users and holds about 70% of the market share for cashless payments using QR codes. The outage had a wide impact, affecting multiple regions. SoftBank stated that PayPay experienced an unexpected high load and is currently investigating the detailed reasons and impact. We deeply apologize for any inconvenience this may have caused, said SoftBank. PayPay, headquartered in Tokyo, holds a dominant position in Japan's cashless payment sector. Shortly after its debut in 2018, the company conducted a cash back activity of 10 billion yen (about 67 million US dollars) within 10 days, attracting millions of users and causing the PayPay system to crash multiple times.