A Japanese fintech company that runs PayPay, the country's most widely used mobile payment app, letting shoppers pay at stores, restaurants, and online by scanning QR codes and barcodes, and also send money to friends. Founded in 2018 as a joint venture of SoftBank and Yahoo Japan (with help from India's Paytm), it launched its app that October to push Japan toward a cashless economy. The name was deliberately chosen to be simple and catchy—so much so that Japanese toddlers reportedly learned to say "PayPay" before other words.
ADRUnderlying: PAYPCUSIP: 70450C1013 holders
Sponsored American Depositary Receipt (ADR), each representing one Common Share, listed on NASDAQ following IPO in March 2026.
PayPay to invest ¥100bn in Seven & i and form strategic digital alliance
PayPay, SoftBank, LY, Seven & i, and SEVEN-ELEVEN JAPAN entered a business alliance to collaborate on digital initiatives, including integrating 7iD into PayPay ID and replacing Seven Miles with PayPay Points.
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PayPay will acquire 48,309,178 Seven & i shares (2.13%) for ¥99,999,998,460, and SoftBank will acquire the same number and amount, at ¥2,070 per share, with payment scheduled for August 17, 2026.
PayPay will develop the SEVEN-ELEVEN JAPAN app, add PayPay ID login and Store Points, and run promotional campaigns to drive store traffic.
The parties will share customer and purchasing data, subject to consent and legal compliance, to personalize experiences and create new services.
PayPay agreed not to transfer or pledge its Seven & i shares without prior written consent, and intends to hold them long-term.
PayPay to acquire 70.2% of T&D Financial Life for JPY 131,985 million, making it a subsidiary.
The acquisition is expected to close on October 1, 2027, subject to regulatory approvals, an IFRS transition plan, and other conditions precedent.
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PayPay Corporation's board resolved on June 4, 2026, to acquire 70.2% of T&D Financial Life Insurance Company from T&D Holdings for an estimated JPY 131,985 million (total estimated cost JPY 134,338 million including expenses).
OneIM, an independent asset manager, intends to acquire 14.9% of T&D Financial Life from T&D Holdings; no joint voting or share transfer arrangements exist between PayPay and OneIM Indigo.
T&D Financial Life reported net income of JPY 8,221 million and total assets of JPY 1,960,191 million for the fiscal year ended March 31, 2026.
PayPay aims to add life insurance to its financial services, leveraging its digital platform and T&D Financial Life's customer base.
PayPay FY2026 profit up 201% to ¥117.8B; guides FY2027 revenue ¥454-462B
Full-year total revenue rose 27% year-on-year to ¥380.7 billion, with profit for the year up 201% to ¥117.8 billion, including a one-time ¥57.5 billion deferred tax asset benefit.
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Fourth-quarter total revenue grew 30% year-on-year to ¥102.2 billion; Adjusted EBITDA surged 104% to ¥28.6 billion with a 28% margin.
Payment segment Q4 revenue rose 27% to ¥82.2 billion on GMV of ¥4.98 trillion (up 23%); Financial Service segment revenue jumped 47% to ¥21.2 billion.
PayPay MTU reached 41.0 million (up 10% year-on-year); eKYC-verified users surpassed 40 million; PayPay Card active base hit 16.86 million (up 22%).
FY2027 guidance: total revenue ¥454.0-462.0 billion and Adjusted EBITDA ¥134.5-140.5 billion.
PayPay closes IPO of 63,235,295 ADSs at $16 per ADS, raising $603 million net.
PayPay Corporation closed its initial public offering of 54,987,214 ADSs at $16 per ADS on March 13, 2026.
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Underwriters fully exercised their option to purchase an additional 8,248,081 ADSs at $16 per ADS on March 27, 2026.
Total IPO included 63,235,295 ADSs, of which 23,932,960 were sold by shareholder SVF II Piranha (DE) LLC, a SoftBank Group Corp.-controlled fund.
Net proceeds to PayPay were JPY 94.6 billion ($603 million) after underwriting discounts and offering expenses.
ADSs began trading on Nasdaq Global Select Market on March 12, 2026 under the symbol 'PAYP'; joint book-runners were Goldman Sachs, J.P. Morgan, Mizuho Securities USA, and Morgan Stanley.