Binance Japan and PayPay Launch PayPay Money Integration Service

Binance Japan and PayPay have launched a PayPay Money integration service for Binance Japan's spot cryptocurrency trading (Simple Buy mobile and web versions). This service allows users to purchase cryptocurrencies through PayPay Money deposits and charge PayPay balance with PayPay Money from cryptocurrency sales proceeds.

This integration service enables users to fund cryptocurrency purchases not only with PayPay Money but also with PayPay Points. Additionally, by setting the point usage to "Use for payments" in the PayPay app in advance, users can combine PayPay Money and PayPay Points.

Previously, Binance Japan's spot cryptocurrency trading allowed cryptocurrency purchases and withdrawals through Japanese yen deposits/withdrawals via domestic bank transfers, as well as cryptocurrency deposits/withdrawals via external exchanges or wallets.

With this PayPay Money integration service, users can simultaneously complete deposit and withdrawal procedures with one click during purchases and sales at Binance Japan's spot cryptocurrency trading (Simple Buy), providing a smooth trading experience starting from 1,000 yen, available 24/7/365.

To enable PayPay Money integration, users need to activate the integration with PayPay Money only once initially through the "PayPay" icon displayed in Binance Japan's spot cryptocurrency trading (Simple Buy mobile and web versions).

Binance Japan, as the Japanese subsidiary of Binance, which provides the world's largest blockchain ecosystem and cryptocurrency infrastructure, began providing services in Japan in 2023.

Leveraging advanced technical capabilities and diverse product lineups cultivated globally, we provide an environment where Japanese users can trade cryptocurrencies safely with simple operations. Binance Japan has gained support from a wide range of customers, from beginners to experienced traders, as a service that makes cryptocurrencies more accessible.

This initiative is a collaboration measure based on PayPay's investment in Binance Japan. PayPay and Binance Japan will continue to aim for improved convenience for users of both PayPay and Binance Japan through further collaboration strengthening.

PayPay Takes a 40% Stake in Binance Japan

Binance Japan has entered into a capital and business alliance agreement with PayPay, a cashless payment service provider. Through this partnership, PayPay has acquired a 40% stake in Binance Japan. This partnership represents a collaboration between PayPay, the leading cashless payment company used by over 70 million people in Japan,

Japan FinTech ObserverNorbert Gehrke