PayPay Corporation (“PayPay Co.”, “we”, “our” or “us”), a joint venture owned by SoftBank Group Corp., SoftBank Corp. and Yahoo Japan Corporation, makes changes in names and periods of validity on PayPay Balances, effective July 29, 2019. Specifically, “PayPay Lite” will be renamed “PayPay Money Lite”, and “PayPay Bonus Mini” will be renamed “PayPay Bonus Lite”. Meanwhile, effective periods of validity, which is five years for “PayPay Lite” and two years for “PayPay Bonus”, will be removed. Instead, “PayPay Money Lite” and “PayPay Bonus” will be valid for indefinite periods, respectively.
＜Types of PayPay Balances available on and after July 29＞
PayPay Money Lite: Balances that are recharged from bank accounts or other assets, or those recharged from auction revenue in YAHUOKU!. PayPay Money Lite is valid for an indefinite period. By using PayPay Money Lite, users can send money to other PayPay users and also use the Warican feature but users cannot send money to their bank accounts (withdrawal of money).
PayPay Bonus: Balances that are offered when special gifts or campaigns are applied to payments, among other opportunities. PayPay Bonus is valid for an indefinite period.
PayPay Bonus Lite: Short-term balances that are offered when special gifts or campaigns are applied to payments, among other opportunities. PayPay Bonus Lite expires 60 days after it is offered.
＜A type of PayPay Balances that will be available on or after September 30＞
PayPay Money:Balances, which will be available after integration of Yahoo! Money into PayPay.*1 To use PayPay Money, users need to complete procedures for identity verification, as specified by PayPay Co. By using PayPay Money, users can send money to their bank accounts. Balances recharged from bank accounts or other assets become available as “PayPay Money”.
＜Types of PayPay Balances＞
| Current (Effective until July 28) | New(Effective July 29) | ||||
|---|---|---|---|---|---|
| Name | Period of validity | Name | Send to users’ bank accounts (withdrawal) | Period of validity | |
| ・Balances recharged from bank accounts or other assets ・”Send” and “Warikan” features are supported |
－ | － | PayPay Money（To be available on or after Sep. 30） | Supported | Indefinite |
| PayPay Lite | 5 years (*1) | PayPay Money Lite (*2) | Not supported | ||
| ・Balances offered by campaigns, ertc. ・”Send” and “Warikan” features are NOT supported |
PayPay Bonus | 2 years(*1) | PayPay Bonus | ||
| PayPay Bonus Mini | 60 days(*3) | PayPay Bonus Lite | 60 days(*3) | ||
*1. The integration of “Yahoo! JAPAN Money” into “PayPay” is subject to PayPay obtaining the registration required under the Payment Services Act and any other necessary legal procedures for the business being integrated. Depending on the status of these registrations, the integration schedule may change.
*2 The period of validity begins on the day the balance is last increased or decreased.
*3 Note that PayPay Lite (PayPay Money Lite) being held by PayPay accounts will not become available as PayPay Money, by which users can send money to their bank accounts (withdrawal of money), on or after September 30.
*4 The period of validity begins on the day the balance is offered.
■ PayPay app is available for downloading at < App Store and Google Play™ >.
* Supported versions: iOS 10.0 and later/Android 5.0 and later
* “QR code” is a registered trademark of Denso Wave Incorporated.
* App Store is a service mark of Apple Inc. TM and © 2019 Apple Inc. All rights reserved.
* Google Play is a trademark or registered trademark of Google LCC.
* Company names, store names and product/service names contained in this press release are registered trademarks or trademarks of their respective owners.
