paypay

According to CoinDesk, SoftBank-backed Japan's largest cashless payment provider PayPay is seeking to raise up to $1.1 billion in a Nasdaq IPO, with a company valuation expected to exceed $10 billion.PayPay plans to issue 55 million American depositary shares at a price of $17 to $20 per share, with the stock ticker "PAYP." The offering was originally scheduled to launch on Monday but was postponed due to global market turmoil triggered by the weekend's Middle East conflict. PayPay currently has over 70 million registered users, dominating Japan's smartphone payment market.In October last year, PayPay acquired a 40% stake in Binance Japan and established a capital and business alliance with Binance Japan, aiming to connect digital payments with cryptocurrencies, allowing Binance Japan users to fund purchases and withdraw earnings through PayPay Money. PayPay was founded in 2018 as a joint venture between SoftBank's telecom subsidiary and Yahoo Japan.

Japanese Digital Finance Platform PayPay Submits IPO Application in the U.S.It was previously reported that PayPay, a subsidiary of SoftBank, will acquire a 40% stake in Binance Japan.

According to Cointelegraph, SoftBank's payment service PayPay announced its integration with Binance Japan to launch the PayPay Money electronic payment service.Users can now directly use PayPay funds to purchase cryptocurrencies or withdraw crypto assets to their PayPay accounts. This is the first expansion of payment methods beyond yen bank transfers for Binance Japan since it acquired a 40% stake in PayPay in October. The trading threshold is as low as 1,000 yen (approximately $6.5), providing 24/7 service.Additionally, PayPay is expected to go public in the U.S. in December, with a valuation likely to exceed 3 trillion yen ($20 billion).

ChainCatcher news, according to Jinshi reports, SoftBank Group's digital payment provider PayPay has acquired a 40% stake in Binance's Japanese subsidiary, aiming to leverage Japan's booming cryptocurrency market. The two companies plan to launch a service that allows users to purchase cryptocurrencies on Binance through their PayPay accounts. In the first seven months of this year, the value of cryptocurrency transactions in Japan has doubled, reaching 33.7 trillion yen (approximately 23 billion USD).

ChainCatcher news, Binance Japan has signed a business alliance cooperation agreement with PayPay, which is controlled by the SoftBank Group. PayPay will acquire a 40% stake in Binance Japan; both parties will integrate PayPay balance for purchasing cryptocurrency and cashing out on the Japan platform, promoting the fusion of cashless payments and digital assets.

ChainCatcher news, SoftBank's PayPay announced the submission of a draft confidential registration statement on Form F-1 for a proposed public offering in the United States. The exact timetable, scale, and price for the public offering have not yet been determined. (Jin Shi)