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Techub News reports that Binance Pay will connect to Japan's PayPay merchant network through the HIVEX payment interconnection framework. Eligible overseas users in Japan can directly use USDT to make purchases at most PayPay-supported merchants, and merchants do not need to separately connect to cryptocurrency payments, with final settlements being in Japanese yen. Binance stated that it is the first cryptocurrency payment service to connect to the PayPay merchant network through HIVEX. PayPay is one of Japan's major cashless payment platforms, covering millions of offline consumption scenarios nationwide. (Wu Blockchain)
Techub News reported, according to CoinDesk, that PayPay, Japan's largest cashless payment provider backed by SoftBank, is seeking a listing on Nasdaq. It plans to issue 55 million American Depositary Shares at a price range of $17–$20 per share, aiming to raise up to $1.1 billion, with the company's valuation expected to exceed $10 billion (stock ticker PAYP). The offering was originally scheduled to launch on Monday but was postponed due to global market turmoil triggered by the Middle East conflict over the weekend. PayPay currently has over 70 million registered users and holds a dominant position in 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, supporting users to purchase crypto assets and withdraw earnings through PayPay Money funds.
Techub News reported, according to Jinshi Data, Japan's digital financial platform PayPay has filed for a US IPO. Previously reported, SoftBank's PayPay will acquire a 40% stake in Binance Japan.
Techub News, according to Jinshi Data, PayPay, a digital payment provider under SoftBank Group, 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 allowing users to purchase cryptocurrencies on Binance via their PayPay accounts. In the first seven months of this year, the value of cryptocurrency transactions in Japan doubled to 33.7 trillion yen (approximately $230 billion).
Techub News, Binance Japan has signed a business alliance agreement with PayPay. PayPay, controlled by the SoftBank consortium, will acquire a 40% stake in Binance Japan; both parties will integrate PayPay balances for purchasing crypto assets and selling for withdrawal on the Japanese platform, advancing the integration of cashless payments and digital assets.
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