PayPay Binance Japan partnership marks 40% stake deal
PayPay Binance Japan partnership announced
SoftBank’s payment platform PayPay has acquired a 40% stake in Binance Japan, the local arm of global crypto exchange Binance. The agreement marks a new PayPay Binance Japan partnership, aimed at expanding digital finance in the country.
Following the deal, PayPay and Binance Japan will jointly develop integrated financial services, allowing users to buy and sell cryptocurrencies using PayPay Money. The move officially made Binance Japan an equity-method affiliate of PayPay in September 2025.
PayPay stated that it aims to evolve beyond a cashless payment system to become a full digital financial platform. The company said it will continue supporting Japan’s digital infrastructure and offering new value to users.
PayPay reaches 70 million users in 2025
PayPay’s corporate officer, Masayoshi Yanase, said the firm continues to strengthen its role in digital finance by collaborating with other SoftBank Group companies. He emphasized that investing in Binance Japan allows PayPay to merge its secure payment system with Binance’s global crypto technology.
Launched in 2018, PayPay surpassed 70 million users in July 2025. The platform processed around 380 million remittances in 2024, marking a 36% increase from 2023. In contrast, Japan’s overall bank transfer volume grew by only 7.5% during the same period.
A Binance Japan spokesperson confirmed that users can already deposit and withdraw yen via bank transfers. The addition of PayPay Money will expand payment options and enhance transaction convenience for local users.
Binance Japan’s general manager, Takeshi Chino, said combining PayPay’s vast user network with Binance’s advanced Web3 technology will help make digital assets more accessible and secure across Japan.
PayPay’s U.S. listing plan and global expansion
PayPay’s recent growth aligns with its global ambitions. In August, the company confidentially filed with the U.S. Securities and Exchange Commission to list American depositary shares on a U.S. stock exchange. The schedule, size, and pricing details remain undisclosed.
In September, PayPay also launched its payment service in South Korea, signaling the start of its international expansion strategy.
The PayPay Binance Japan partnership comes as Binance’s BNB token rallies strongly. BNB recently reached third place among global cryptocurrencies by market capitalization. As of Thursday, BNB traded near $1,300, up 26% in seven days, with a market cap of $182 billion, according to CoinGecko.
