SoftBank’s PayPay Acquires Binance Japan, Expanding Reach in Digital Finance

PayPay, a payment service by Japanese telecommunications giant SoftBank Group Corp., has acquired a 40% stake in Binance Japan. This strategic move positions PayPay as a significant player in Japan’s rapidly growing digital asset market and enhances Binance’s presence within the nation. The acquisition allows PayPay to incorporate cryptocurrency trading into its existing payment system, enabling users to buy or sell crypto directly through PayPay Money.