PayPay Securities Corporation (head office: Chiyoda-ku; Tokyo; President & Representative Director: Kenji Bansho; hereinafter “PayPay Securities”), known for its mission as a smartphone-based securities service to “Make asset management more accessible,” and PayPay Corporation (head office: Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter “PayPay”) are pleased to announce the addition of a “Reverse Challenge Course” in the “Invest” (PayPay Asset Management) mini app*1 as of today, November 16, 2022 (Wed). The mini app allows users to trade securities from within the cashless payment service “PayPay.” The Reverse Challenge Cause tracks SPXS (Direxion S&P 500 Bear 3X), an inverse*2 ETF with a leverage of 300% that is expected to rise in value as the US stock market falls.
*1 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.
*2 Inverse instruments tend to rise in value when the underlying stock prices fall, while falling in value when the underlying stock prices rise. Please see here for information on risks and costs associated with leveraged and inverse ETFs.
“Invest” is a service that allows users to open a securities account and trade securities with their PayPay Balance (PayPay Money). The minimum purchase amount for a transaction is 100 yen, and transactions can be made in increments of 1 yen. The proceeds from selling securities will be immediately topped up to the user’s PayPay Balance (PayPay Money), which can be used for regular shopping. Since its launch in August 2022, the service has proven widely popular with many customers.
The Reverse Challenge Course has been newly added in response to the demand from customers who aim to make a profit despite the current declining market. With the addition of the Reverse Challenge Course, a total of seven courses are available, which includes the Standard Course, Challenge Course, Flat-Keep Course, Technology Course, Gold Course, and ESG Course, allowing users to select a course that better suits their investment style and preferences.
Additional brands and services will continue to be added to “Invest” for an updated “Asset Management” experience.
■ “Invest” Courses
| Course | Reverse Challenge Course （New） |
Standard Course | Challenge Course | Flat-Keep Course | Technology Course | Gold Course | ESG Course |
|---|---|---|---|---|---|---|---|
| ETFs Tracked | SPDR Gold Shares DIREXION S＆P500Bear 3X（SPXS） |
SPDR S&P500 ETF（SPY） | DIREXION S&P500 3X（SPXL） | iShares Broad USD Investment Grade Corporate Bond ETF (USIG) | Invesco QQQ (QQQ) | SPDR Gold Shares （GLD） |
iShares MSCI USA ESG Select Social (SUSA) |
| Details | This course offers investing in 500 companies representing America, with a 300% leverage where users can profit from a decline in value and vice versa. It is suited for short-term investments, as the value will significantly rise when the U.S. stock market declines. | This course offers investing in 500 companies representing America. The course is suited for long term investments, with less volatility compared to investments in individual stocks given the diversification across 500 companies. | This course offers investing in 500 companies representing America with a 300% leverage. A 10% increase in stock prices will reflect as a 30% increase in the value of the ETF. Likewise, the drop will also be 30%, and is suited for short-term management. | This course offers investing according to an index tracking USD investment grade corporate bonds. It is suited for investors with a low appetite for risk, as it includes highly stable corporate bonds such as that of banks. | This course offers investing in a portfolio consisting of 100 companies that represent the NASDAQ exchange in America. The course is suited for users who prefer investing in leading technology companies in America. | This ETF is made up of gold bullion as its assets. Since it is less likely to be affected by a decline in stock prices, the course is suited for users who prefer avoiding the risks that other stock-based courses are exposed to. | This course involves investing in multiple brands that excel at an environmental, social, and governance (ESG) perspective. It is suited for investors who want to support ESG through their investments. |
■ “Invest,” a service for managing assets on the PayPay app
“Invest” is the mini app provided by PayPay Securities within the PayPay app, a service allowing easy access to managing assets. Users can open a securities account and trade securities with their PayPay Balance (PayPay Money).
The minimum purchase amount for securities (ETF) is 100 yen, above which transactions can be made in increments of 1 yen. The proceeds from selling securities will be immediately topped up to the user’s PayPay Balance (PayPay Money), which can be used for regular shopping. However, if the amount exceeds the maximum top-up amount to PayPay Money or if it will make the balance of PayPay Money exceed 1 million yen, it will be cashed out to the bank account registered by the customer. For more details on the PayPay Money limit, click here.
When opening a securities account, users will be required to complete both the identity verification procedures required by PayPay*3 (eKYC) as well as within “Invest.” If a user already has an account with PayPay Securities, they can immediately start investing without any further procedures, simply by logging into “Invest.” When using “Invest”, users must agree to provide PayPay Securities with the information registered in “PayPay,” their identity information, payment method, deposit method, and other information.
*3 For more details on the identity verification procedure required by “PayPay,” please click here.
＜Features of “PayPay Invest”＞
Refer to the website below for details on “Invest.”
https://www.paypay-sec.co.jp/base/ppsisan/index.html
■ Risks and Fees
Securities transactions may result in loss of principal due to fluctuations in stock prices, fluctuations in foreign exchange rates, deterioration in the credit conditions of the issuer, or changes in the political, economic, or social environment of the country from where the securities are issued. Please make sure to read the “Risks and Fees” section of the document delivered prior to conclusion of a contract and fully understand the content thereof before trading at your own discretion and responsibility.
■ About PayPay Securities Corporation
As the first smartphone securities company in Japan, PayPay Securities (previously One Tap BUY) 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.”
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 as “PayPay Securities” in February 2021 to incorporate the PayPay brand. In addition, the company launched the securities trading mini app “Invest” within the PayPay app as of August 2022, now widely used by many customers.
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 Offered 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 PPSC Investment Service Corporation. 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 Corporation is a member and registered service operator with the following associations.
・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.
