PayPay Securities Corporation (Head office: Chiyoda-ku, Tokyo; President & Representative Director: Kenji Bansho; hereinafter “PayPay Securities”), known for its mission 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 that the PayPay Invest mini app*1, which allows users to buy and sell securities from within the cashless payment service “PayPay,” has started offering the Regular Investments feature for mutual funds from December 10, 2022. The Regular Investments feature is available for the newly launched the “Global 4 Assets Diversification Course” and the “Global Bargain Stocks ESG Course.”
*1 A feature that allows users to easily make reservations, order products, and purchase services provided by PayPay Corporation’s partner companies from the PayPay app.
“PayPay 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*2 to the user’s PayPay Balance (PayPay Money), which can be used for shopping. The service has proven widely popular with many users since its launch in August 2022.
Now, “Regular Investments” in mutual funds has been newly added, which has been in demand from many users for some time. This feature allows users to regularly invest in mutual funds mutual funds through “PayPay’s Invest” feature. One can invest from 100 yen, and the investment schedule can be flexibly set, whether it be monthly, weekly, and daily, as well as on a specific date or day of the week. In addition, pausing, resuming, and selling investments can easily be set up on “PayPay Invest.” This feature is especially recommended for users who are new to investing, as it allows them to manage their assets without worrying about when to make purchases.
Furthermore, with the addition of “Regular Investments,” the Auto Top-Up feature*3 in the PayPay app was also introduced. With this, if the PayPay Balance (PayPay Money) is insufficient to cover the amount for the next regular investment, the PayPay Balance (PayPay Money) is automatically topped up and the purchase is completed.
A campaign for users who are using “Regular Investments” is also being planned for the near future. Details will be announced on the PayPay Securities website as soon as they are decided.
*2 This is a feature provided by PayPay, in which a top-up is made immediately after an ETF is sold, and when a mutual fund is sold, the top-up is made, at the latest, one business day before the delivery date.
*3 For details about the Auto Top-Up feature, please click here.
Together with the launch of “Regular Investments,” the company also began offering two courses of mutual funds, the “Global 4 Assets Diversification Course” and the “Global Bargain Stocks ESG Course,” to make it easier for users with limited investment experience to easily select what to invest in. Both courses are commission-free on purchases, which can be made in increments of 1 yen starting at 100 yen. Mutual funds are one of the easiest financial products for investment beginners to start with, as users can diversify their investments thanks to asset management professionals investing them in a variety of financial instruments, such as bonds and stocks, in multiple countries and regions.
“PayPay Invest” will continue to add brands and services for an improved investment experience.
■ More about the newly added mutual funds
| Course | Global 4 Asset Diversification Course | Global Bargain Stocks ESG Course | |
| Mutual fund | One Global Balance | Global ESG High Quality Growth Equity Fund (no currency hedging) *Also called “Future World ESG” |
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| Characteristics | A global balanced fund that aims to achieve stable returns by diversifying investments in four basic instruments, namely, domestic and foreign bonds and stocks. | The fund invests in stocks from among companies that are considered to be of high quality and whose issues in the market are considered to be cheaper than their intrinsic value, carefully selected based on an evaluation of competitive advantage, growth potential, and ESG (environmental, social, and governance) initiatives of each company. | |
| At time of purchase | Commission | None | None |
| At time of sale | Commission | None | None |
| Partial redemption fee | None | 0.3％ | |
| Holding period *The cost will be deducted from the trust assets. |
Operation and management costs (trust fee) | 1.133% per annum (including tax) | 1.848% per annum (including tax) |
| Other fees and charges | Brokerage commissions for buying and selling securities, trust administration expenses, audit fees, and other expenses required for the safekeeping of assets in foreign countries will be paid for from the trust fund assets. *Other expenses and fees are subject to change depending on investment conditions, therefore the rates, limits, and other such factors cannot be indicated in advance. |
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PayPay Securities is the distributor, and the mutual funds are set up and managed by the respective asset management companies.
For more details, please refer to the mutual fund document (prospectus) at the time of purchase.
■ “PayPay Invest,” Where Users Can Buy and Sell Securities With the PayPay App
“PayPay 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). This is the first service in Japan*4 that allows trading of securities on a cashless payment service.
The minimum purchase amount for a security (ETF, mutual fund) is 100 yen, above which, transactions can be made in increments of 1 yen. The proceeds from selling securities will be immediately topped up*2 to the user’s PayPay Balance (PayPay Money), which can be used for shopping. However, if the amount exceeds the maximum top-up amount to “PayPay” 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 (eKYC) procedure required by PayPay*5 as well as within “PayPay Invest.” If a user already has an account with PayPay Securities, they can immediately start investing without any further applications, simply by logging in within “PayPay Invest.” When using “PayPay Asset Management,” users must agree to provide PayPay Securities with the information registered in “PayPay,” their identity information, payment method, cash out method, and other information.
*4 Based on PayPay Securities research on leading cashless payment service providers in Japan (as of July 29, 2022).
*5 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 “PayPay 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 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 “Earn Points,” 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, 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 5 types of PayPay Balance: PayPay Money, PayPay Money Lite, PayPay Points, PayPay Bonus Lite, and PayPay Gift Voucher.
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, and is issued by PayPay 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 protects the debt it owes to its users in by depositing assets equivalent to or more than the debt amount. 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 in transactions at 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 it will no longer be valid. PayPay Gift Voucher is a type of electronic money issued by PayPay, which can be used to make payments for affiliated services and merchants designated by the PayPay Gift Voucher. However, it cannot be transferred to other users or cashed out. PayPay Gift Vouchers are valid for six months after issuance, after which they 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, providing that certain conditions are met, the user can be compensated for the damages suffered (the difference will be provided as compensation if compensation is also provided by a third party). Please see applying for compensation for details.
* Other company names, trade names, and product and service names are registered trademarks or trade names of respective companies.
