Web page for the “1 Billion Points Lottery”: https://paypay.ne.jp/event/point-kuji/
As a leading cashless payment service provider, PayPay Corporation continues to strengthen its efforts to verify the identity of users in order to provide services that are safer and more secure. As part of this initiative, the “Verify Your Identity and Participate! 1 Billion Points Lottery” campaign will begin on June 1, 2022.
Identity verification for “PayPay” can be applied for in as little as two minutes by scanning the IC chip in a My Number Card or driver’s license, and screening could be completed on the same day*1. Once users complete identity verification, they will be able to top up their PayPay Balance from their bank account, use PayPay Money*2, increase the number of stores where they can use “PayPay,” and raise the usage limit of “PayPay Atobarai (Pay Later)”*3. In addition, identification may be required to use advanced features and services that will be introduced to “PayPay” in the future, as well as certain existing features offering further convenience.
As the leading company in cashless payment services, PayPay aims to provide even safer and more secure services, actively promoting efforts to implement identity verification and raising the bar against money laundering and terrorist financing to prevent misuse in criminal activities and by terrorist organizations*4. In order to realize this, PayPay will implement “Verify Your Identity and Participate! 1 Billion Points Lottery” on June 1, 2022. This is a campaign in which PayPay Points worth 1 billion yen will be distributed*5. During the mission period which will start on June 1, users can attempt multiple missions, such as linking their PayPay account to the Seven-Eleven App or claiming PayPay Coupons, to increase the number of draws depending on their achievements. The user must complete their identity verification in order to participate in this campaign*6.
*1. Please update the PayPay app to the latest version and try it out. See here for more information.
*2. 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 the designated 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.
*3. The amount may be lower than 500,000 yen (for the last 24-hour period) depending on registration details and usage. For more information on the usage limit of PayPay Atobarai, please click here.
*4. For more information on PayPay’s safety initiatives, please click here. Furthermore, for more information on PayPay’s identity verification initiatives, please click here.
*5. PayPay Points will be granted on a later date. Please note that it cannot be cashed out or sent to other users.
*6. Identity verification is available for users who have completed the screening process before the campaign period and for those who complete the screening process during the mission period of this campaign.
PayPay will continue to offer the convenience of cashless payments to users as well as all kinds of retailers and service providers, with the goal of creating a world in which a safe cashless shopping experience can be enjoyed anywhere in Japan. “PayPay” will continue on the path to evolve from a “payment app” into a “super app” that will make users’ lives richer and more convenient, fostering a culture of “Anytime, Anywhere with PayPay.”
＜Details of the “1 Billion Points Lottery”＞
Promotion period:
Mission period: June 1, 9 a.m. – June 21, 1:59 a.m., 2022
Drawing period: June 24, 9 a.m. – July 1, 1:59 a.m., 2022
Conditions for participation (applicable users):
Users who have passed the identity verification screening
* Users who complete identity verification by June 1 are also eligible.
List of missions:
* The missions are subject to change. For more details, please visit here.
* A campaign page will be available after June 1.
* The daily missions can be performed every day during the mission period, and each one can increase the number of draws by up to 20 times.
* For those already using PayPay and who have already registered or linked accounts with PayPay, the one-time missions will be completed at the start of the campaign and the number of draws for each mission will be awarded. However, for “Receive PayPay Balance,” receiving the balance before June 1 does not count as completing a mission.
* The mission “Register with PayPay” is for users who register with “PayPay” from May 9, 12 a.m. – June 21, 1:59 a.m., 2022 (must complete the account registration process by SMS authentication).
List of prizes for the “1 Billion Points Lottery,” in which PayPay Points worth 1 billion yen will be distributed:
Grant date:
30 days from the day following the draw date
* In principle, PayPay Points will be granted 30 days from the day following the draw date, but the grant may be delayed due to users’ usage situation or for system reasons.
* The granted PayPay Points can be used at any official PayPay store or PayPay Card store. Please note that it cannot be cashed out or sent to other users.
■ 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.
