PayPay Securities Corporation (Chiyoda-ku, Tokyo; President & Representative Director: Kenji Bansho; hereinafter “PayPay Securities”) is pleased to announce that it started offering the Regular Credit Investment service in the PayPay Invest mini app*1 in the cashless payment service app “PayPay” provided by PayPay Corporation (Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter “PayPay”). This service allows users to regularly invest with “Credit (Pay Later),”*2 a payment method in the PayPay app provided by PayPay Card Corporation (Chiyoda-ku, Tokyo; President & Representative Director; Tomoaki Tanida; hereinafter “PayPay Card”).
This is a service jointly offered by PayPay Securities, PayPay Card, and PayPay, leveraging each company’s business and platform.
*1. A mini app is a feature that allows users to smoothly make reservations, order products, and purchase services provided by PayPay’s partner companies from the PayPay app.
*2. “Regular Credit Investment” can be used by registering one’s PayPay Card or PayPay Card Gold to the PayPay app and enabling “Credit (Pay Later).” Family cards for PayPay Card and PayPay Card Gold cannot be used for “Regular Credit Investment.”
Furthermore, credit cards other than PayPay Card and PayPay Card Gold cannot be used.
In conjunction with the launch of the Regular Credit Investment service, PayPay and PayPay Card have added an additional benefit starting from October 16 to the “PayPay Invest Regular Investment Reward Program” provided by PayPay, in which users will be granted 0.7% of the amount invested in mutual funds through “Regular Credit Investment” as PayPay Points. This program and its benefits will be in place with no fixed term.
To commemorate the launch, PayPay Securities will hold a “Start Regular Credit Investments” promotion, in which users who begin investing with “Regular Credit Investments” with at least 30,000 yen per month by November 30 and continue the service until December 29 will be eligible to win up to 50,000 PayPay points in a drawing.
In an ongoing effort to enhance the services of “PayPay Invest,” preparations are underway to add hundreds of new stocks with a focus on NISA-eligible and popular stocks. In addition, there are plans to roll out a “Pre-order” functionality in early 2024, which will allow users to trade U.S. stocks 24/7, and order Japanese stocks at any time of the day.
【Overview of “Regular Credit Investment” in the PayPay Invest mini app】
Comprehensive asset management from opening an account to regular investments, all within the PayPay app
Users can invest up to 50,000 yen per month with a choice of 24 mutual funds
If users apply for a regular investment by 3 p.m. on the 27th of each month, the investment will be made in the current month (the 28th)
For more information on “Regular Credit Investment,” please click here.
To use “Credit (Pay Later),” an application involving a screening process is required. For more details, please visit here.
To use “PayPay Invest,” users must open a PayPay Securities account. For more details, please visit here.
【Overview of the “Regular Credit Investment” benefits added to the “PayPay Invest Regular Purchase Reward Program” (provided by PayPay and PayPay Card) 】
| Period | October 16, 2023 – End date TBD *This is a benefit program with no fixed period. |
| Conditions | Complete purchase of mutual funds through “Regular Credit Investment” within “PayPay Invest.” |
| Benefits | PayPay Points equivalent to 0.7% of the amount paid by Credit (Pay Later) in a regular credit investment in mutual funds. – Grant limit: 350 points/month *If the purchase amount is multiplied by 0.7% and results in less than 1 point, no PayPay Points will be granted. *Transactions in “PayPay Invest” are not eligible for PayPay STEP. *PayPay Points cannot be cashed out or transferred. They can be used at the official PayPay store or PayPay Card store. |
For more information on the “PayPay Invest Regular Purchase Reward Program,” please click here.
【Various programs that reward PayPay Points for opening an account or starting regular investments】
■ “New Account Program” held by PayPay Securities
If a user applies from October 1, 2023, answers a quiz correctly, and opens a new securities account, they will be rewarded 500 PayPay Points. Further, if that user opens a NISA account, they will be granted an additional 500 points, for a total of 1,000 points through the “New Account Program.” 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.
For more information on the “New Account Program,” please click here.
■ “Start Regular Credit Investment” held by PayPay Securities
If users begin “Regular Credit Investments” with at least 30,000 yen per month by November 30, 2023 and continue the service until December 29 will be eligible to win up to 50,000 PayPay points in a drawing.
Details of the “Start Regular Credit Investment” will be announced on the website and within “PayPay Invest” on October 23.
■ “PayPay Invest Regular Purchase Reward Program” held by PayPay
As part of the “PayPay Invest Regular Purchase Reward Program,” PayPay is now granting 0.5% of the amount invested in mutual funds as PayPay Points if the purchase is made with the user’s Balance (PayPay Money or PayPay Points through the “Regular PayPay Money/Points Investment” feature.
By using both “Regular PayPay Money/Points Investment” and “Regular Credit Investment,” users can earn up to a total of 100,000 PayPay Points through regular investments in mutual funds. This will enable users to fully avail themselves of the regular investment bracket of 1.2 million yen in the new NISA program beginning in 2024.
| “Regular PayPay Money/Points Investment” | “Regular Credit Investment” | |
| Payment method | PayPay Money and PayPay Points | Credit (Pay Later) |
| Monthly limit | Follows PayPay usage limit | 50,000 yen total |
| Frequency | Daily, weekly, or monthly | Monthly (fixed) |
| Available mutual funds | 24 *Users cannot invest in the same mutual fund with both “Regular PayPay Money/Points Investment” and “Regular Credit Investment.” |
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| PayPay Points grant rate | 0.5% (Grant limit: 250 points/month) | 0.7% (Grant limit: 350 points/month) |
“PayPay Invest,” Where Users Can Buy and Sell Securities With the PayPay App
“PayPay Invest,” a mini app provided by PayPay Securities within the PayPay app, is 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 Balance (PayPay Money), which can be used for shopping*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.
*3. Some products cannot be purchased with the NISA program. Details will be announced when finalized.
*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, the company 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 Card
PayPay Card Corporation changed its name from YJ Card Corporation on October 1, 2021, and began operations under the new name with the aim of becoming the leading card company in Japan. In October 2022, the company became a wholly owned subsidiary of PayPay Corporation and further strengthened its synergy with the cashless payment service “PayPay.” PayPay Card will continue to expand its services to make them available in a broad range of payment scenarios, as well as to provide further convenience to 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 situations, including paying for online services and utility bills. PayPay is also expanding its range of services beyond just payments, including the “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 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 Entity Entrusted with Intermediation (Filing number: C1907980 / Date filed: December 18, 2019)
・Bank Agency Services (License: Director-General of the Kanto Finance Bureau (Gindai) 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 (Dendai) 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 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 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 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 Points 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 Vouchers have an expiration date, after which they will no longer be valid. The deadline for Gift Vouchers can be confirmed in the details or specifications of the measure or promotion campaigns for which they are issued.
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.
