SoftBank’s PayPay acquires 40% of Binance Japan

Cryptocurrencies have entered Japan’s cashless revolution. Binance Japan, the local branch of the leading cryptocurrency exchange, has signed a capital and business agreement with the popular payment application PayPay. According to the Thursday press release , PayPay, backed by SoftBank, has purchased a 40% stake in Binance Japan. Binance co-founder and former CEO Changpeng Zhao confirmed the news on X. CZ 🔶 BNB @cz_binance · Follow Softbank & PayPay invests 40% in Binance Japan binance.com/en/blog/adopti… 11:30 am · 9 Oct 2025 0 Reply Copy link Read more on Twitter Meanwhile, the collaboration aims to make it easier for people to integrate digital assets in their daily lives, leveraging Binance’s robust blockchain and PayPay’s convenience. Binance Japan’s Chief Tsuyoshi Chino commented: This partnership is an extremely important step toward the future of digital finance in Japan. We are confident that by combining PayPay’s overwhelming user scale with Binance’s innovative technology, we will be able to make Web3 more accessible to more people across Japan and provide safe and convenient crypto asset services. Simplifying crypto for all The collaboration has a shared objective – making cryptocurrency usage practical and easy. PayPay (which boasts over 70 million users) and Binance Japan promise to launch innovative financial services that merge cashless transactions with digital assets. The initial projects focus on two vital functionalities. First and foremost, Japanese citizens will soon utilise their PayPay balance to purchase cryptocurrencies directly via the Binance Japan app. Everything is straightforward, with no complex procedures or bank transfers needed. The second feature will allow users to cash out their proceeds directly into their PayPay accounts when selling digital tokens. That fills the gap between real-world spending and crypto. If successful, the move could transform how Japanese consumers interact with digital tokens, turning cryptocurrency from an investment vehicle into a day-to-day financial tool. Meanwhile, this partnership is part of PayPay’s broader goal to revolutionise finance in Japan. The firm’s head of Financial Strategy and Executive Officer, Masayoshi Yanase, said: With our investment in Binance Japan…We will provide users of Binance with a solution that combines the convenience and security of PayPay. We will continue to contribute to the development of Japan’s financial infrastructure so that a wide range of financial services tailored to user needs can be provided domestically. SoftBank’s strategic digital finance moves The alliance also reflects SoftBank’s dedication to cementing its presence in Japan’s digital payment and fintech sector. As the primary PayPay’s backer, the tech giant has remained crucial in moving the nation toward cashless transactions and has made its official entry into the crypto world. Enthusiasts will watch how the alliance shapes the Web3 sector in Japan. Indeed, the PayPay and Binance Japan deal might herald a new wave of institutional crypto adoption. Binance’s native token trades above 1,300 after gaining over 25% and 47% in the past week and month. The post SoftBank's PayPay acquires 40% of Binance Japan appeared first on Invezz