PayPay Securities Corporation (Chiyoda-ku, Tokyo; President & Representative Director: Kenji Bansho; hereinafter “PayPay Securities”) will increase the lineup of securities available in “PayPay Invest,” a mini app*1 within the cashless payment service “PayPay,” on December 30, 2023. In addition to the 173 securities already available, a further 93 mutual funds, 94 U.S. stocks, and 110 Japanese stocks will be added, resulting in a brokerage of 470 securities that can be purchased with PayPay Points and PayPay Money. All mutual funds, including index and actively managed funds, are no-load funds. Also, of the 115 funds that can be purchased using the Growth Quota under the new NISA system, 31 can be purchased as regular investments (Tsumitate Quota). Regular investments can be made with PayPay Money and PayPay Points, but also with regular credit payments.
This addition is intended to support asset management at full scale by providing a product lineup for sufficient access to the new NISA system through “PayPay Invest,” and set up so that it is easy to begin and understand even for beginners. More securities will continue to be added based on user demand and ease to choose when using a smartphone.
*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.
Extended lineup for sufficient use of the new NISA
The selection of mutual funds will be increased from 24 to 117 based on user surveys, to ensure a sufficient variety for individual investors to build their assets, and on ease to understand or select securities from a smartphone. Also, the commission fee for purchasing mutual funds in “PayPay Invest” is free, whether for index or managed funds.
The lineup ensures sufficient utilization of the new NISA program that will begin in January 2024, not just through mutual funds, but also by primarily offering popular U.S. or Japanese stocks with high market capitalization or trading value across multiple categories.
Check here for the list of securities newly added.
＜Key Features of “PayPay Invest”＞
Japanese/U.S. stocks and mutual funds can be traded from within the PayPay app without opening other apps or browsers, and opening a securities account is easy (in as little as 4 minutes)
PayPay Points can be earned by opening securities or NISA accounts
PayPay Money and PayPay Points can be used to purchase stocks and mutual funds
Japanese/U.S. stocks and mutual funds can be purchased in amounts as little as 100 yen
No sales fees for all mutual funds
Up to 100,000 yen worth of regular investments every month will become subject to the earning of points by combining the use of “Credit Regular Investment” and “PayPay Balance (PayPay Money / PayPay Points) Regular Investment.”
PayPay provides financial instruments brokerage services with PayPay Securities as its affiliated financial instruments firm but does not provide brokerage services for individual transactions. For more details on stocks available and transactions, please refer to 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 investment 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 PayPay BalanceSecurities such as U.S. stocks, ETFs, and investment trusts can be traded in increments as small as 1 yen, starting from just 100 yen. The proceeds from selling securities will be immediately topped up to the user’s Balance (PayPay Money), which can be used for shopping.*2 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 user. For more details on the PayPay Money limit, (PayPay Money / PayPay Points).
click here.
To set up a securities account, users must verify their identity (electronic know-your-customer, eKYC) within “PayPay” and within “PayPay Invest” separately. Existing PayPay Securities accountholders can start managing their assets immediately by logging into “PayPay Invest.” Also, users must consent to providing information registered to “PayPay,” identity verification information, payment and deposit methods, and other information to PayPay Securities in order to use “PayPay Invest.”
*2. This is a feature provided by PayPay, in which a PayPay Balance top-up is made immediately after an ETF is sold, or in the case of a mutual fund, one business day before the delivery date.
*3. 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 Document” and fully understand the content thereof before trading at your own discretion and responsibility.
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.
