PayPay Securities Corporation（Chiyoda-ku, Tokyo; President & Representative Director: Kenji Bansho; hereinafter “PayPay Securities”）is pleased to announce that after 5 a.m. on the 24th of March, 2024（※1）, the monthly limit for Regular Credit Investment（※2）will be raised from 50,000 yen to 100,000 yen. This service utilizes PayPay Credit, a payment method provided by PayPay Card Corporation（Chiyoda-ku, Tokyo; President & Representative Director; Tomoaki Tanida; hereinafter “PayPay Card”） in the PayPay Invest mini app*3 within cashless payment service “PayPay” provided by PayPay Corporation（Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter “PayPay”）.
※1 May vary depending on the progress of the system maintenance and other factors.
※2 Regular Credit Investment can be used by registering one’s PayPay Card or PayPay Card Gold to the PayPay app and enabling PayPay Credit.
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.
※3 This feature allows users to seamlessly book or order products and services provided by PayPay’s partner companies, as well as make payments, all from the PayPay app.
The “PayPay Invest Regular Investment Reward Program” currently offered by PayPay and PayPay Card offers 0.7% worth of PayPay Points based on the amount spent to purchase mutual funds with Regular Credit Investment.
This is a regular benefits program with no fixed term.
【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 100,000 yen per month with a choice of 117 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 PayPay Credit, users are required to submit an application which will be screened. For more details, please visit the here.
To use “PayPay Invest,” users must open a PayPay Securities account. For more details, please visit the here.
【Various programs that reward PayPay Points for opening an account or starting regular investments】
▪️ “PayPay Invest Regular Investment Reward Program” offered by PayPay and PayPay Card
PayPay offers the “PayPay Invest Regular Investment Reward Program” to users who make regular investments in mutual funds in “PayPay Invest,” which grants PayPay Points based on the payment method and amount of purchase（amount spent with “PayPay”）.
When using Credit as the payment method, PayPay Points equivalent to 0.7% of the purchase amount of mutual funds will be granted. When using PayPay Money or PayPay Points as the payment method, PayPay Points equivalent to 0.5% of the purchase amount of mutual funds will be granted.
This program and its benefits will be in place regularly, with no fixed term.
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.
For more information on the “PayPay Invest Regular Investment Reward Program,” please click here.
| “Regular PayPay Money/Points Investment” | Regular Credit Investment | |
|---|---|---|
| Payment method | PayPay Money／PayPay Points | PayPay Credit |
| Monthly limit | Same as the maximum purchase limit for financial products with PayPay Balance（※4） | 100,000 yen in total（Up to 50,000 yen is eligible for the benefits） |
| Frequency | Daily, weekly, or monthly | Monthly（fixed） |
| Available mutual funds | 117 mutual funds（※5） | |
| PayPay Points grant rate | 0.5%（Grant limit: 250 points/month） | 0.7%（Grant limit: 350 points/month） |
※4 PayPay has a usage limit in place regarding purchases of financial products, which is 500,000 yen over a period of 24 hours and 2,000,000 yen over a period of 30 days. For more details, please see here.
※5 It is not possible to use both PayPay Money/PayPay Points and Regular Credit Investment to invest in the same security with the same type of account（NISA tsumitate（regular investment）, NISA growth, or specified account）.
“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, Japanese stocks, ETFs, and mutual funds can be traded in increments as small as 1 yen or 1 point, starting from just 100 yen or 100 points. The proceeds from selling securities will be immediately topped up to the user’s Balance（PayPay Money）, which can be used for shopping*6. 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, see here.
When opening a securities account, users can skip the identity verification procedure normally required in “PayPay Invest”（※7）if they have already verified their identity（eKYC）within “PayPay.”（※8）If users already have an account with PayPay Securities, they can immediately start investing simply by logging in to “PayPay Invest.” To use “PayPay Invest,” users must agree to provide PayPay Securities with the information registered in PayPay, their identity information, payment methods, cash out methods, and other information.
※6 This is a feature provided by PayPay, in which a top-up is made immediately after an ETF is sold, or by the business day before the delivery date for a mutual fund.
※7 This feature may not be available for some users. Users newly transacting with a securities company are required to provide the securities company with their My Number upon opening an account.
※8 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/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 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. From 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 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 Cards（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” 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.
