PayPay Acquires 40% Stake in Binance Japan to Boost Digital Finance
PayPay, Japan’s leading cashless payment provider under SoftBank, has acquired 40% of Binance Japan. This strategic partnership aims to enhance everyday users’ access to Web3 and digital assets by combining PayPay’s large user base and reliable payment infrastructure with Binance’s global blockchain expertise.
In the first phase, users will be able to buy crypto with PayPay Money and withdraw funds directly to their PayPay Money wallet, offering a seamless and convenient financial experience. Masayoshi Yanase (PayPay) highlighted the synergy between PayPay’s digital finance advances and Binance’s global leadership, while Takeshi Chino (Binance Japan) described the move as a key step toward making Web3 more accessible and digital asset services safer.
The PayPay-Binance Japan alliance is paving the way for a seamless financial ecosystem, integrating trusted cashless payments with advanced blockchain technology. This aligns with Binance’s strategy to support local ecosystems, drive innovation, and ensure user protection, with Japan remaining a key market for its digital finance vision.
