PayPay Securities Corporation（Head office：Chiyoda-ku, Tokyo; President & Representative Director：Kenji Bansho; hereinafter “PayPay Securities”）is pleased to announce that it has begun offering NISA account transactions as of December 31, 2023. Together with this, NISA account transactions are also now available through “PayPay Invest,” a mini app *1 within the cashless payment service “PayPay” provided by PayPay Corporation（Head office：Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer：Ichiro Nakayama; hereinafter “PayPay”）, starting from December 31.
Alongside the launch of NISA account transactions, a new goal setting feature has also been added to “PayPay Invest,” enabling users to simulate asset-building plans for all life events including marriage, childbirth and rearing, and funding for life after retirement.
*1. A feature that allows users to smoothly make reservations, order products, and purchase services provided by PayPay Corporation’s partner companies from the PayPay app.
“PayPay Invest” offers full support to users in managing their assets and empowers them to take full advantage of the new NISA system, with a robust product lineup totaling 470 securities available for trading as of January 4,2024. We plan to continue expanding this lineup while also paying heed to users’ needs, usability, and how easily they can select securities on their smartphones.
Read about the details of NISA in “PayPay Invest” here.
【Characteristics of NISA in “PayPay Invest”】
Users can smoothly set up their securities account in as little as 4 minutes on the PayPay app without moving to other apps or browsers, and can trade Japanese and US stocks, mutual funds, and other securities
Users can get PayPay Points for setting up their securities/NISA accounts
PayPay Points and PayPay Money can be used to purchase stocks and mutual funds starting from 100 yen
No sales fees for all mutual funds
Users can receive points back on up to 100,000 yen every month through the combined use of “Regular Credit Investment” and “Regular Balance（PayPay Money/Points）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/tool/miniapp/
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.
【Programs that Reward PayPay Points for Opening an Account or for “Regular Investments”】
Users who set up a new securities account starting from October 1, 2023 and answer the ensuing quiz correctly will be rewarded 500 PayPay Points, and an extra 500 points for setting up a NISA account for a max total of 1,000 points under the “New Account Setup Program.” Existing PayPay Securities accountholders can still receive 500 PayPay Points for setting up a new NISA account or transferring an existing one from another financial institution.
Read about the details of the “New Account Setup Program” here.
In addition, PayPay is running the “PayPay Invest Regular Purchase Reward Program,” a defined rewards program with no fixed term. Users receive PayPay Points equal to 0.5% of the balance they spend on mutual funds via “Regular PayPay Money/Points Investment,” and 0.7% of the purchase amount for mutual funds purchased via “Regular Credit Investment.”
Users can get PayPay Points back on up to 100,000 yen of regular mutual fund investments per month by utilizing both the “Regular PayPay Money/Points Investment” and “Regular Credit Investment.” This enables them to max out contributions to the tsumitate（“regular investments”）quota of the new NISA program beginning in 2024, whose annual investment limit is 1.2 million yen.
Further, user can choose to either reinvest distributions earned through mutual fund transactions into NISA’s tsumitate or growth quotas, or accept them as-is as profits.
“PayPay Invest,” Enabling Users to Buy and Sell Securities in the PayPay App
“PayPay Invest” is a mini app provided by PayPay Securities inside “PayPay,” and a service that enables easy asset management. Users can set up a securities account and purchase securities using their balance（PayPay Money and PayPay Points）.
Securities（Japanese and US stocks, ETFs, mutual funds）can be purchased in units of 1 yen starting from 100 yen. Selling securities tops up users’ balance（PayPay Money）, which can be used for shopping and other ends *2. However, if top-ups to PayPay Money exceed the top-up limit or will make a user’s PayPay Money balance exceed 1 million yen, a deposit will be made to the user’s registered bank account. Read about the details of the PayPay Money balance limit 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 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 Visit this page to learn about the identity verification process in “PayPay.”
Read about the details of “PayPay Invest” on the following website.
https://www.paypay-sec.co.jp/tool/miniapp/
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 Securities Corporation
PayPay Securities launched 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 the easiest, most user-friendly groundbreaking financial services.
■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. 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.
* The company names, trade names, and product/service names used in this press release are registered trademarks or trademarks of their respective companies.
