PayPay Files for U.S. IPO, Previously Acquiring 40% Stake in Binance Japan

BlockBeats News, February 12, Japanese digital finance platform PayPay submitted an IPO application to the US.

Earlier news, in October last year, PayPay (a SoftBank Group subsidiary) acquired a 40% stake in Binance Japan, and the two parties reached a strategic alliance. As Japan's leading cashless payment provider, PayPay has over 70 million users and will collaborate with Binance's Japanese subsidiary, the world's largest cryptocurrency exchange platform, to jointly promote Web3 and digital asset adoption in Japan. The initial phase of the partnership will allow Binance Japan users to purchase cryptocurrency using PayPay Money and withdraw directly.