Press Release

PPSC Investment Service Corporation (Chiyoda Ward, Tokyo, Representative Director: Yukiya Sekiguchi) *1 and PayPay Corporation (Minato Ward, Tokyo, President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama, hereinafter PayPay) are pleased to announce the addition of a new course to “Earn Points” as of August 8, 2022*2, a simulated investment management experience service offered as a mini app*3 in the cashless payment service “PayPay.” The new “Gold” course tracks the price of a Gold ETF.

With the addition of the “Technology” course in January 2022, there are currently three courses available together with the “Standard” and “Challenge” courses. With the addition of the “Gold” course, there will be four courses designed according to popularity and specific themes, offering a wider range of options for customers.

The number of ” Earn Points ” users has been steadily increasing, surpassing 6 million users in April 2022, one year and 11 months after the launch of the service.

*1. PPSC Investment Services Corporation is a wholly owned subsidiary of PayPay Securities Corporation.
*2. The new course will become available after the system maintenance scheduled on the same day (between 13:30-16:30) is completed.
*3. A mini app is a feature that allows users to smoothly make reservations, order products, and purchase services provided by PayPay Corporation’s partner companies from the PayPay app.

■ Courses in “Earn Points”

■ About the “All Courses” feature in the auto-add settings

This course enables adding (managing) points across all courses. Each time PayPay Points are granted, the balance will be auto-added to the “Gold” course, “Technology” course, “Standard” course, and “Challenge” course, in this order. The option is also recommended for users who are uncertain about which course to choose.

* The granting of PayPay Points may occur several times on the same day. If PayPay Points are granted multiple times on the same day, the course it will be added to will change each time.
* The illustration indicates how PayPay Points are auto-added across all courses in the event that it is granted once a day.

* For those using auto-add for the first time, or those who used auto-add in the past but later disabled it, the order in which their points will be added will be “Gold” > “Technology” > “Standard” > “Challenge” courses once auto-add is enabled.

* For those who currently already have auto-add enabled, the order will be determined based on the previous course to which balance was added, therefore balance will be added to the “Gold” course after the “Challenge” course. However, if the “Challenge” course is the course to which points were added immediately before the day on which the “Gold” course is made available, the next auto-add will not be to the “Gold” course, but will first divert to “Technology” > “Standard” > “Challenge” courses before adding points to the “Gold” course.

■ About PPSC Investment Service Corporation

PSIS is the operator of the “Earn Points” service, which allows users to experience a simulated investment with a mini app in “PayPay.” “Earn Points” was launched as “Earn Bonus” on April 1, 2020, and has gained the support of many users, as it does not require any extra procedures such as opening an account, and anyone can immediately start a simulated investment on the PayPay app. Consequently, this service has gained over 6 million users in approximately two years since its launch.

■ 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 Service Providers 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, 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.