PayPay Securities Corporation （Chiyoda-ku, Tokyo; President & Representative Director: Kenji Bansho; hereinafter PayPay Securities）is pleased to announce the launch of an integrated deposit service “Bank Account （Linked Deposit）”（*1）as of April 22, 2024. This service connects PayPay Invest, the mini app（*2）within the cashless payment service PayPay provided by PayPay Corporation （Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter PayPay）, with PayPay Bank Corporation （Shinjuku-ku, Tokyo; President & Representative Director: Tomohito Takusari; hereinafter PayPay Bank）.
Purchases of stocks or mutual funds in PayPay Invest normally requires sufficient PayPay Money, topped up from a registered bank account or ATM, or PayPay Points in the PayPay app, but by linking an ordinary savings account of PayPay Bank that has enough balance, there will no longer be any need for a PayPay Balance top up, enabling the user to settle the purchase of stocks and mutual funds directly from the bank account. This will be available 24 hours a day, 365 days a year（*3）without any transfer or remittance fees.
In addition, while purchases of stocks and mutual funds through PayPayInvest have been limited by PayPay Money’s cap （500,000 yen within 24 hours, or 2 million yen within 30 days）, the introduction of “Oitamama Kaitsuke,” allows users to purchase stocks and mutual funds beyond the PayPay Money limit.
※1 The normal procedure of transferring funds to the brokerage account can be bypassed by using “Bank Account （Linked Deposit）” to purchase stocks and mutual funds.
※2 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 Excluding maintenance windows. Refer to the company’s conditions, rules, and pre-contract document for details.
A PayPay Securities account is required to use PayPay Invest. See How to Start PayPay Invest for details.
PayPay Invest allows users to trade securities in the PayPay app
“PayPay Invest” is a mini app provided by PayPay Securities within the PayPay app, enabling easy access to asset management. Users can open a brokerage account and purchase securities using their PayPay Balance （PayPay Money）, PayPay Points, or the balance in their PayPay Bank ordinary savings account.
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 PayPay Balance （PayPay Money）, which can be used for shopping and other purposes（*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 customer’s registered bank account. For more details on the PayPay Money limit, click “The PayPay Money Limit is Scheduled to Change“.
When opening a securities account, users can skip the identity verification procedure normally required in “PayPay Invest”（*6）if they have already verified their identity （eKYC）within PayPay（*5）. 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 their information registered in PayPay, their identity information, payment methods, cash out methods, and other information.
※4 A feature provided by PayPay, in which a PayPay Balance（PayPay Money）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.
※5 See “Verify Identity” for more details on the identity verification procedure in PayPay.
※6 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.
See “PayPay Invest （external website）” for details.
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. Make sure to read the “Risks and Fees” section of “Pre-Contract Document” 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 providing an environment in which anyone can casually and easily invest, and make asset management feel 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 Bank
PayPay Bank （formerly Japan Net Bank）was established in 2000 as Japan’s first bank specializing in internet banking, and currently serves over 7.38 million accounts （as of September 2023）. After rebranding to “PayPay Bank” in April 2021, it has further strengthened its partnership with PayPay, launching the PayPay Bank mini app within the PayPay app in August 2022.
PayPay Bank” mini app users can smoothly avail themselves of banking services, such as opening accounts, balance inquiries, checking bank statements, and direct deposits, all through “PayPay.”
PayPay Bank’s mission is to “Make financial services as accessible as air,” and the company will continue to work toward the goal of providing financial services that are unseen yet indispensable, and that people happen to be using by the time they notice.
■ 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” 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, 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.
