PayPay Securities Corporation (Chiyoda Ward, Tokyo, President & CEO: Masaaki Uchiyama; hereinafter PayPay Securities), the smartphone brokerage firm that operates under its mission to “Make asset management more accessible,” and PayPay Corporation (Minato Ward, Tokyo, President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter PayPay) are pleased to announce that in March 2022, the “Earn Points” service, which allows users to experience a simulated investment management experience provided by “PayPay,” the cashless payment service mini app*1, has surpassed six million investors. This was achieved one year and 11 months after the service was launched on April 15, 2020, making this the fastest record*2 for a major pseudo investment points management service provider. In addition, a campaign will be launched on April 25, 2022 to commemorate the six million investors milestone and the second anniversary of “Earn Points.”
*1. A feature that allows users to smoothly make reservations, order products, and make payments for services provided by PayPay Corporation’s partners companies from the PayPay app.
*2. Comparison among companies that offer pseudo investment points management service providers: d POINT Investment, Rakuten Point Investment, in Japanese alphabetical order (as of March 2022, based on PayPay Securities research)
The “Earn Points” service allows users to convert “PayPay Points”*3 into unique points*4 provided by PayPay Securities and enjoy a simulated investment. PayPay Securities and PayPay launched their service in April 2020 with the aim of “lowering the bar of investment and making it easier to experience.” The service has received a lot of support as it does not require any procedures such as opening an account, and anyone can immediately start a simulated investment on the PayPay app.
In approximately three months since the service was launched in April 2020, “Earn Points” has surpassed one million users. When the company changed its name to PayPay Securities in February 2021, it reached two million users, and then tripled that number to six million in about one year.
Due to the name change from “PayPay Bonus” to “PayPay Points” from April 1, 2022, the service name of “Earn Bonus” was changed to “Earn Points.” There will be no changes other than the name change, including service content. For more details, please visit here.
*3. Points granted by PayPay through campaigns and promotions, etc.
*4. Unique points provided by PayPay Securities are currently used only for “Earn Points” and conversion to “PayPay Points,” and cannot be used for other services.
■ Outline of Campaign to commemorate the 6 million investors milestone and second anniversary
①During the campaign period, of those who follow the official PayPay Securities Twitter account (@paypay_sec) and retweet the “campaign application tweet,” 150 winners will be selected by lottery daily to receive 600 yen worth of PayPay Points!
②A double chance campaign will be held to give away 600 yen worth of “PayPay Points” to 600 winners by lottery from among those who post on Twitter using the “share” feature in Earn Points.
*Users will be notified on the spot to see whether they won or lost.
*Users can participate in either ① or ② or both ① and ②. Users may win both ① and ②.
*Winners will receive instructions on how to obtain “PayPay Points” via Direct Message on Twitter.
| Campaign period | ① From 12:00 p.m. April 25, 2022 (Mon) to 23:59 p.m. April 28, 2022 (Thu) ② From 12:00 p.m. April 25, 2022 (Mon) to 23:59 p.m. May 31, 2022 (Tue) |
|---|---|
| Conditions for participation Target and selection method, Number of people and benefits |
To participate, users must follow the official PayPay Securities Twitter account and retweet the campaign application tweet. ① Among users who meet the participation conditions, 150 users (600 in total) will be selected every day by lottery during the period to receive 600 yen worth of “PayPay Points.” Users will be notified on the spot to check whether they won or lost. *One entry per account per day.
*For both ① and ②, users will be sent a Direct Message on Twitter to the winners to inform them how to obtain “PayPay Points.” |
■ PayPay Securities official URL
- “PayPay Securities Japan U.S. Stocks” app: http://bit.ly/3sjrtPL
- Official website: https://www.paypay-sec.co.jp/
- Social media accounts:
<Twitter> https://twitter.com/paypay_sec
<Facebook> https://www.facebook.com/paypaysec/
<note> https://note.com/paypay_sec_edit
■ PayPay Securities Corporation
As the first smartphone securities company in Japan, PayPay Securities launched its service in June 2016 with the aim to create an environment where anyone can easily make investments, so that asset management would be more approachable. Until now, it has developed services such as “Japan-US Stocks,” “Robot Accumulation Plan,” “Tenfold CFD,” “Japan Stocks CFD,” and “Anyone IPO.” As of December 2021, more than five million customers have been managing their assets through PayPay Securities.
In April 2020, the company started providing “Earn Bonus,” where users can experience a simulated investment with PayPay Bonus, which was renamed to “Earn Points” in April 2022. To further develop the service into something that is even more convenient and accessible in everyday life through collaboration with PayPay, the business was rebranded to “PayPay Securities” as of February 2021 to incorporate the PayPay brand.
In addition, the company began offering mutual funds for the first time as of September 2021, with “One Global Balance” and “Global ESG High Quality Growth Equity Fund (no currency hedging)” currently available to users.
PayPay Securities will continue to offer unprecedented financial services that are simpler than the rest and easiest to use, in order to help customers become familiar with stock investments and asset building.
■ About “PayPay,” the cashless payment service provided by PayPay Corporation
PayPay is a cashless payment service expanding across the country, available not only at major chain stores but also at small and medium size retailers, vending machines, taxis and even public transportation. It can also be used in a variety of other scenes, including paying for online services and utility bills. PayPay is also expanding its range of services beyond just payments, including a “send/receive” feature (remittance/transfer and receiving of money) that allows users to transfer their PayPay Balance (PayPay Money and PayPay Money Lite) between each other for free, or “point management,” a service that allows users access to a simulated investment experience involving the exchange of PayPay Points with points provided by a Type 1 Financial Instruments Business Operator that PayPay is partnered with. The company also strives to create a safe and convenient environment for users through a hotline available 24/7 and a full compensation scheme ensuring a compensation for any damages that may be suffered.
PayPay is registered as follows:
・Prepaid Payment Instruments (third party type) Issuer, Registration #: Director-General of the Kanto Finance Bureau, No. 00710 (Registration date: October 5, 2018)
・Fund Transfer Operator, Registration #: Director-General of the Kanto Finance Bureau, No. 00068 (Registration date: September 25, 2019)
・Japan Payment Service Association (https://www.s-kessai.jp/ , Date of admission: September 12, 2018)
・Business Operator that Concludes Contracts on the Handling of Credit Card Numbers, etc., Registration #: Kanto (K) No. 106 (Registration date: July 1, 2019)
・Japan Consumer Credit Association (https://www.j-credit.or.jp/, Date of admission: July 1, 2019)
・Telecommunications Carrier (Filing #: A-02-17943 / Date filed: July 2, 2019)
・Notified Person Entrusted with Intermediation (Filing #: C1907980 / Date filed: December 18, 2019)
・Bank Agency Operator, License: Director-General of the Kanto Finance Bureau, No. 396 (Registration date: November 26, 2020)
・Financial instruments intermediary service registration number: Kanto Finance Bureau Director (Kinchu) No. 942 (Registration date: June 25, 2021)
* “PayPay” provides 4 types of PayPay balance: PayPay Money, PayPay Money Lite, PayPay Points and PayPay Bonus Lite. PayPay Money can be used to pay for partner services and merchants if it is within the amount deposited into the PayPay account opened after completing an identity verification process. It can also be used for sending and receiving money between PayPay users free of charge. PayPay Money can also be cashed out to a designated bank account (no withdrawal fee if using PayPay Bank). The legal nature of this is an electromagnetic record which can be used to pay for goods and other services, and can be remitted or cashed out, issued by the Company who is a Fund Transfer Operator registered under Article 37 of the Payment Services Act. Based on the provisions of Article 43 of the Payment Services Act, PayPay preserves the debt it owes to its users in full amount and more by depositing its assets. PayPay Money Lite is an electronic money issued by PayPay, which can be purchased and used to pay for services and merchants. PayPay users can transfer and receive PayPay Money Lite free of charge. The legal nature of this is a prepaid payment instrument issued by PayPay (Article 3, Paragraph 1 of the Payment Services Act). Based on the provisions of Article 14 of the Payment Services Act, PayPay preserves the relevant assets for the purpose of protecting the owners of the prepaid payment instrument by providing a security deposit for issuance to the Legal Affairs Bureau in an amount that is half or more of the unused balance of prepaid instrument methods as of March 31 and September 30. In addition, PayPay Points and PayPay Bonus Lite, which are granted through campaigns and promotions when using PayPay, can be used for partner services and merchants in addition to PayPay Money and PayPay Money Lite. However, PayPay Bonus and PayPay Bonus Lite cannot be sent or transferred between PayPay users or be cashed out. PayPay Bonus Lite has an expiration date, after which date it will no longer be valid.
PayPay also strives to create a safe and secure environment for users. If an unexpected payment is made by a third party using a PayPay account, or if a request to settle a payment suddenly arrives from PayPay to a user that does not have a PayPay account, there is a scheme that ensures compensation for the damages suffered (the difference will be provided as compensation if compensation is also provided by a third party), given that the prescribed conditions are met. Please see applying for compensation for details.
*Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.
