PayPay Securities Corporation (Chiyoda-ku, Tokyo; President: Kenji Bansho; hereinafter “PayPay Securities”) will begin offering NISA account transactions starting in 2024, aligning with the launch of the new NISA (Nippon Individual Savings Account) system scheduled for January 2024. In accordance with this, PayPay Corporation (Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter “PayPay”) will begin accepting applications for opening NISA accounts from PayPay Invest, a mini app*1 within the cashless payment service “PayPay,” starting from October 1, 2023.*2
To celebrate the launch of NISA account services at PayPay Securities, a program rewarding up to 1,000 PayPay Points will start on October 1, based on conditions such as opening a “NISA account.”
*1. This feature allows users to make reservations, order products, and make payments smoothly for services provided by PayPay’s partners through the PayPay app.
*2. NISA account transactions will not be available in 2023.
PayPay Invest offers a one-stop financial service on the PayPay app, providing an easy-to-use asset-building platform for beginner investors. With PayPay Invest, users can manage their assets by purchasing securities, such as mutual funds and stocks, starting at just a 100 yen.*3 When making purchases, users have the option to use PayPay Points in addition to PayPay Money topped up on “PayPay,” offering user-friendly features and services for those new to asset management.
Furthermore, PayPay Invest will expand its offerings on October 1, 2023, by introducing 80 new stocks, including Japanese stocks and ETFs, in addition to mutual funds and U.S. stocks. This will bring the total available securities for purchase through PayPay Invest to 173. PayPay Invest will continue to expand in order to provide further opportunities for individuals who are new to investments to kick off their first asset building journey.
*3. Some products are ineligible for NISA. Details will be announced when finalized.
【Features of PayPay Invest’s NISA Account】
Open an account, manage assets, and track assets all on the PayPay app
Starting October 1, 2023, users can apply to open a NISA account with PayPay Securities through the PayPay app. They can conduct transactions for the NISA account using the app, while asset management and tracking can be conveniently performed using “PayPay,” the same platform used for payments.
Start investing with as little as 100 yen using PayPay Money and PayPay Points
Users can purchase investment trusts starting from as little as 100 yen, and can use PayPay Money as well as the PayPay Points earned through transactions with PayPay and PayPay Card.
Earn PayPay Points by opening an account and make regular purchases
Starting from applications submitted on October 1, 2023, PayPay will launch a program that rewards 500 PayPay Points to those who successfully answer a quiz and open a new securities account, and an additional 500 points for opening a new NISA account, for a total of 1,000 points. Even if one is a PayPay Securities account holder, they are still eligible to receive 500 PayPay Points for opening a new NISA account or transferring their existing NISA account to PayPay Securities.
In addition, there is also the “PayPay Invest Regular Investment Reward Program,” where regular purchases are rewarded with PayPay Points equivalent to 0.5% of the amount of the Balance (PayPay Money and PayPay Points) spent.
Additional promotional campaigns will be launched in conjunction with the new NISA program.
【Overview of The “New Account Opening Program”】
Starting October 1, 2023, and beyond, PayPay Invest will reward a maximum of 1,000 PayPay points to those who correctly answer a quiz and meet the following criteria:
1 New applicants who successfully open a PayPay Securities account will receive 500 PayPay points.
2 New applicants who successfully open a NISA account, or those who transfer their existing NISA account from another financial institution to PayPay Securities, will also receive 500 PayPay points.
■ Period
From Sunday, October 1, 2023 – TBD
■ Important Notes:
・① is not applicable to users who already hold a PayPay Securities account (this also applies to those who opened a PayPay Securities account through the PayPay Securities app).
・For users who currently hold a NISA account with another financial institution, they can participate in ② by completing the necessary procedures to transfer their NISA account to PayPay Securities (those who open a NISA account through the PayPay Securities app are not eligible for ②).
・If users have both a PayPay Securities account and a NISA account with, and they close these accounts during the program period and reopen them, they will not be eligible for the program if their accounts were closed or suspended at the time of reward issuance.
・This program cannot be combined with other PayPay Securities account opening campaigns.
For more details on the “New Account Opening Program,” please refer to here.
Japanese stocks and listed ETFs have been added, allowing trading of a total of 173 securities
Starting from October 1, 2023, PayPay Invest will introduce 80 new brands to its trading lineup, comprising 57 Japanese stocks, 4 domestic listed ETFs, 14 U.S. stocks, 2 U.S. ETFs, and 3 domestic mutual funds, expanding the total tradable securities to 173. Furthermore, for the 57 Japanese stocks available for trading, a new feature within PayPay Invest where one can see detailed stock information, such as company profiles, dividend information, shareholder benefits, analyst evaluations, and performance data, is scheduled to be added. Additionally, features that enable users to access investment information like performance history, distribution history, and portfolio composition for the tradable investment trusts are also in the planning stages. More information will be provided when these enhancements are implemented.
PayPay Securities remains committed to serving the needs of its customers by continually improving its app and services, under the belief that “Your first step into asset management should be with PayPay Securities.”
PayPay will continue to strive for a world where everyone can enjoy the convenience of cashless payments and confidently use various services, evolving “PayPay” from a payment app into a super app that enriches users’ lives and makes them more convenient, fostering a world where paying “Anytime, Anywhere with PayPay” is a reality.
PayPay Invest, Where Users Can Buy and Sell Securities With the PayPay App
PayPay Invest is a mini app provided by PayPay Securities within the PayPay app, a service allowing easy access to asset management. By opening a securities account, users can purchase securities with their Balance (PayPay Money and PayPay Points).
Securities such as U.S. stocks, ETFs, and investment trusts can be traded in increments as small as 1 yen, starting from just 100 yen.*3 The proceeds from selling securities will be immediately topped up to the user’s PayPay Balance (PayPay Money), which can be used for various services.*4 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.
To open a securities account, users will be required to complete both the identity verification (eKYC) procedure required by PayPay*5 as well as within the Invest mini app. 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. It must be noted that when using PayPay Invest, 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. This is a feature provided by PayPay, in which a top-up is made immediately after an ETF is sold, or in the case of a mutual fund that, one business day before the delivery date.
*5. For eKYC procedures required by “PayPay,” please click here.
For details on PayPay Invest, please visit the following website:
https://www.paypay-sec.co.jp/base/ppsisan/index.html
Risks and Transaction 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 “Pre-Contract Documents” and fully understand the content thereof before trading at your own discretion and responsibility.
About PayPay Securities Corporation
PayPay Securities started its services as Japan’s first smartphone-based securities company in June 2016, with the vision of making asset management more accessible. In February 2021, PayPay Securities changed its name to PayPay Securities to align with the PayPay brand, aiming to evolve into a highly convenient service closely integrated with daily life through its partnership with PayPay.
In addition to offering various services such as the PayPay Securities app, which allows the purchase of shares of well-known Japanese and American companies, investment trusts, and ETFs starting from just 1,000 yen, the company took further steps to lower the barriers to investing. In April 2020, the “Earn Points” service, which enables users to experience simulated investments using PayPay Points (this service was transferred to PPSC Investment Service Corporation, a wholly-owned subsidiary of PayPay Securities, in July 2022) was rolled out, and investment trusts became available from September 2021.
PayPay Securities is committed to make investing and asset building feel closer and more accessible to users by providing financial services that are the easiest, most user-friendly, and unprecedented.
■ 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 situations, 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 service provider 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 number: Director-General of the Kanto Finance Bureau, No. 00710 / Registration date: October 5, 2018)
・Business Operator that Concludes Contracts on the Handling of Credit Card Numbers, etc. (Registration number: Kanto (K) No. 106 / Registration date: July 1, 2019)
・Telecommunications Carrier (Filing number: A-02-17943 / Date filed: July 2, 2019)
・Fund Transfer Operator (Registration number: Director-General of the Kanto Finance Bureau, No. 00068 / Registration date: September 25, 2019)
・Notified Person Entrusted with Intermediation (Filing number: C1907980 / Date filed: December 18, 2019)
・Bank Agency Services (License: Director-General of the Kanto Finance Bureau, No. 396 / Registration date: November 26, 2020)
・Financial Instruments Intermediary Services (Registration number: Kanto Finance Bureau Director (Kinchu) No. 942 / Registration date: June 25, 2021)
・Electronic Payment Agency Services (License: Director-General of the Kanto Finance Bureau, No. 109 / Registration date: February 14, 2023)
・Japan Payment Service Association (https://www.s-kessai.jp/, Date of admission: September 12, 2018)
・Japan Consumer Credit Association (https://www.j-credit.or.jp/ , Date of admission: July 1, 2019)
* “PayPay” provides 4 types of PayPay balance: PayPay Money, PayPay Money Lite, PayPay Points, and Gift Vouchers.
PayPay Money can be used to pay for partner services and in transactions at merchants if the transaction value 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 services, 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 higher 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, 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 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 Voucher has an expiration date, after which it will no longer be valid. Please confirm the deadline for the policies and campaign specifications for issuing PayPay Gift Vouchers.
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.
*Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.
