The post SoftBank owned PayPay acquires 40% stake in Binance Japan appeared on BitcoinEthereumNews.com.

Japan’s largest mobile payments platform PayPay has acquired a 40% stake in Binance Japan to jointly develop integrated digital asset services and improve access to Web3 finance across the country. Summary SoftBank-owned PayPay has taken a 40% stake in Binance Japan under a capital and business alliance. The partnership enables Binance Japan users to buy and withdraw crypto directly through PayPay Money’s digital wallet. PayPay, which is a SoftBank Corp. group company with over 70 million users, has entered into a capital and business alliance that hopes to leverage PayPay’s extensive user base and expertise, and Binance’s blockchain technology to advance the integration of cashless payments with digital assets, an Oct. 9 announcement from Binance said. As a part of the agreement, PayPay has acquired a 40% equity stake in Binance Japan, and will allow the exchange’s customers to purchase cryptocurrencies and withdraw sale proceeds directly via PayPay Money, the company’s digital wallet service used for cashless payments and peer‑to‑peer transfers. “By investing in Binance Japan, the Japanese subsidiary of Binance, the world’s largest digital asset exchange by trading volume, we will provide Binance users with solutions that combine the convenience and security of PayPay,” Masayoshi Yanase, Corporate Officer of PayPay Corporation, said in an accompanying statement. Down the line, both companies plan to develop other “innovative products and services,” the announcement noted, without disclosing any further details. Last month, local media reports suggested that PayPay was considering expanding its services beyond Japan, starting with South Korea, with plans for expansion across other regions like Taiwan, Hawaii, and China. Back in August, PayPay announced plans to debut on the US stock market. The latest partnership has resonated well within the BNB community, with many participants hoping this major development is the catalyst that could push the token back into price…

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Filed under: News - @ October 9, 2025 9:26 am