PayPay has acquired a 40% stake in Binance Japan, making the cryptocurrency exchange an equity-based subsidiary as of September 2025.
The investment represents a major step in PayPay’s evolution from a cashless payments application to a broader digital financial platform.
The two companies plan to integrate services that will allow users to purchase cryptocurrencies directly within the Binance app using PayPay Money, and withdraw funds back into PayPay accounts.
The collaboration aims to combine Binance’s expertise in digital assets and PayPay’s broad local user base to make cryptocurrency trading more accessible to ordinary consumers in Japan.
“Through its continued evolution from a cashless payments business into a digital financial platform, PayPay will strive to deliver new value to users while contributing to the development of Japan’s financial infrastructure,” the company said in a statement.
The partnership also signals a growing convergence between Japan’s fintech and cryptocurrency sectors, as regulators and financial institutions push to innovate within secure and compliant frameworks.
The move reinforces PayPay’s ambition to become a comprehensive digital finance platform that supports payments, investments and crypto services through its ecosystem.