PayPay Card Corporation（Head office: Chiyoda-ku, Tokyo; President & Representative Director: Tomoaki Tanida; hereinafter “PayPay Card”）, PayPay Bank Corporation（Head office: Shinjuku-ku, Tokyo; President & Representative Director: Tomohito Takusari; hereinafter “PayPay Bank”）, and PayPay Corporation（Head office: Minato-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter “PayPay”）are pleased to announce that from April 23, PayPay app users will be able to check their PayPay Bank savings account balance in the PayPay Card mini app（※1）in the cashless payment service “PayPay,” as well as in their PayPay Card membership web page.（※2）
Display of savings account balance（when balance is insufficient）
With this feature, PayPay Card members who have chosen PayPay Bank as their pay-from account can view their PayPay Bank savings account balance on the PayPay Card mini app or on the PayPay Card membership website, on the same screen as the billing amount.*3
If the amount charged to the PayPay Card exceeds the PayPay Bank balance, users will see a notification on their membership screen clearly informing them of the insufficient balance, which can help prevent delinquencies.※3。
This was made possible by PayPay Card’s registration as an “Electronic Payment Agency Services（registration number: Kanto Finance Bureau Director（Dendai）No. 127）” in March 2024.
In addition, PayPay Bank is offering a rewards program*4 that grants a special interest rate（annual）of +0.1% on yen savings deposits when a PayPay Bank account is made the pay-from account for PayPay Card, and up to +0.3% when certain other conditions are met, such as making a PayPay Bank account a salary account.
PayPay Card, PayPay Bank, and PayPay will continue to work together as one group to create and deliver financial services that offer both convenience and good deals to users.
※1 This feature allows users to make reservations seamlessly, as well as order products and services provided by PayPay’s partner companies, all from the PayPay app.
※2 Please update the PayPay app to the latest version to use this feature.
※3 To use this feature, users must agree to link their PayPay Card to their PayPay Bank account.
※4 This program is sponsored by PayPay Bank. For more details, please visit here.
■ 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. In 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 Bank
Founded in 2000, PayPay Bank（formerly Japan Net Bank）was the first internet-only bank in Japan. 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. With this, users could smoothly avail themselves of banking services, such as opening accounts, balance inquiries, checking bank statements, and direct deposits, all through “PayPay.”
PayPay Bank is committed to making financial services more approachable and personalized to each customer. To that end, it is the bank’s mission to continue providing products that meet the various needs users experience and services that make people’s lives more convenient.
■ About “PayPay,” the cashless payment service provided by PayPay Corporation
“PayPay” is a cashless payment service that continues to expand throughout Japan, facilitating transactions at large chain stores, small to medium-sized shops, vending machines, taxis, and public transportation. It is also available for a variety of payment scenarios, including online services and bill payments for utilities. Additionally, the service offers convenient features beyond payments, such as the ability to “Send/Receive” PayPay Balance (PayPay Money and PayPay Money Lite) between users without any fees. The “Earn Points” feature allows users to exchange PayPay Points for points with a partner service provider to simulate investment experiences offered by the providers. Furthermore, PayPay Corporation has established a 24/7 telephone support line and a compensation system to ensure user safety, providing peace of mind in case of any incidents.
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.
