Press Release

Overview of the “1 Billion Points Giveaway Campaign”:
https://paypay.ne.jp/event/nisa/

PayPay Corporation (hereinafter “PayPay”) is pleased to announce a campaign for users who with their NISA account*1 purchase mutual funds using the Regular Investment feature in PayPay Invest, a mini app*2 provided by PayPay Securities Corporation (hereinafter “PayPay Securities”) . Eligible users will receive PayPay Points worth up to 10% of the “Regular Credit Investment*3 or balance (PayPay Money or PayPay Points) equivalent to the purchase amount of the mutual fund purchased as a “Regular Investment” with PayPay Money/Credit (Pay Later) or PayPay Points. The promotion will begin on January 1, when NISA account services become available, and continue until March 31, 2024.
In addition, a lottery promotion will be held during the same period, offering a one-in-two chance of winning PayPay Points worth up to 100% or 0.5% of the amount spent with every “Regular Investment.”
Between these two campaigns, PayPay Points worth up to 1 billion yen in total will be granted to users.

*1. NISA account transactions will become available in January 2024.
*2. 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.
*3. “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 type PayPay Cards and PayPay Card Golds cannot be used for “Regular Credit Investment.” Furthermore, credit cards other than PayPay Card and PayPay Card Gold cannot be used.
For more information on “Regular Credit Investment,” please click here. “Credit (Pay Later) ” can be used free of charge by settling monthly in the following month. To use it, the user is required to submit an application which will be screened. For more details, please visit here. Paying in full is the only method available for “Regular Credit Investment.”

*1. Participating from January allows users to receive the maximum points.
*2. The amount to be granted is calculated based on estimated sales. The actual amount granted may vary according to sales. The promotion may finish mid-term if the total amount granted reaches 1 billion yen. The promotion period may be extended.
*3. The granted points cannot be cashed out or transferred.
*4. Users who purchase through the PayPay Invest mini app in the PayPay app are eligible. Those who purchase through PayPay Securities (app or web) are not eligible. (The service is provided by PayPay Securities.)
*5. Regular NISA investment settings will be enabled upon completion of the maintenance of scheduled for “PayPay Invest” on December 31. There may be delays. Purchases will become available as of the following day or onwards after regular investments are set up, at which time the user becomes eligible for the promotion.

＜NISA Debut on PayPay!　Overview of the Campaign＞

* Transactions in “PayPay Invest” are not eligible for PayPay STEP.

In addition, PayPay has a “PayPay Invest Regular Investment Reward Program” in place to offer benefits with no fixed term. Users will be granted PayPay Points equivalent to 0.5% and 0.7% of the amount invested in mutual funds through “Regular PayPay Money/Points Investment” and “Regular Credit Investment” respectively.
By using both “Regular PayPay Money/Points Investment” and “Regular Credit Investment,” users can earn PayPay Points for investments up to 100,000 yen in total every month. This will enable users to fully avail themselves of the regular investment quota of 1.2 million yen in the new NISA program beginning in 2024.

*Among this promotional campaign, PayPay usage benefits, and general rewards promotion simultaneously held by PayPay, the highest PayPay Points will be granted. They will not be applied in duplicate, except as specified by PayPay.

For information on the stocks traded through “PayPay Invest” and transaction details, please see the PayPay Securities website below.
https://www.paypay-sec.co.jp/base/ppsisan/brand.html
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. The courses are named by PayPay Securities. Users are advised to carefully review the foreign securities information and prospectuses before trading securities.

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. Users can open a securities account and trade securities with their Balance (PayPay Money and PayPay Points) .
The minimum purchase amount for a security (ETF, mutual fund, U.S. stock) 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 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.
When opening a securities account, users will be required to complete both the identity verification (eKYC) procedure required by PayPay*5 and 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. 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, and when a mutual fund is sold, the top-up is made, at the latest, 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

■ 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 Corporation 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 (Ku) 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” offers four types of electronic money and other services: PayPay Money, PayPay Money Lite, PayPay Points, and PayPay 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, it cannot be transferred to other users or 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.