Softbank's PayPay buys 40% stake in Binance's Japan to deepen push into digital payments
Reutersยท2025-10-09 07:27
Core Insights - PayPay Corp, operated by SoftBank, has acquired a 40% equity stake in Binance Japan, the Japanese subsidiary of Binance, with transaction details undisclosed [1] Company Summary - PayPay Corp is expanding its investment portfolio by acquiring a significant stake in Binance Japan, indicating a strategic move to enhance its presence in the cryptocurrency sector [1] - Binance Japan, as a subsidiary of the global cryptocurrency exchange Binance, is likely to benefit from the partnership with PayPay, potentially increasing its market reach and operational capabilities in Japan [1]