SoftBank’s PayPay acquires 40% stake in Binance Japan

SoftBank’s mobile payment service PayPay acquired a 40% stake in the Japanese subsidiary of Binance after applying for US listing in August.

Update (Oct. 9, 10:40 am UTC): This article has been updated to include comments from Binance Japan’s general manager, Takeshi Chino.

Binance Japan has entered into a capital and business agreement with PayPay, a mobile payment service operated by the major Japanese investment holding company, SoftBank Group.

SoftBank’s PayPay acquired a 40% equity stake in the Japanese subsidiary of global crypto exchange Binance, with Binance Japan becoming an equity-method affiliate of PayPay as of September 2025, the company announced on Thursday.

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