Softbank-backed PayPay Acquires Binance Japan Stake

PayPay, Japan’s Softbank-backed mobile payment service with over 70 million users, has secured a 40% stake in crypto exchange Binance Japan. The investment makes PayPay the largest single shareholder in Binance Japan, significantly influencing the exchange’s management and strategic direction. Regulatory Compliance Takes Center Stage The two companies plan to introduce integrated services allowing PayPay users to purchase cryptocurrencies using their PayPay Money balances. The move comes as PayPay prepares for a potential Initial Public Offering (IPO) in the United States, with procedures reportedly beginning in August 2025 source: https://beincrypto.com/softbank-backed-paypay-acquires-binance-japan-stake/