PPSC Investment Service Corporation (Head office: Shinjuku-ku, Tokyo; President & Representative Director: Kosuke Sato; hereinafter PPSC Investment Service*2 and PayPay Corporation (Head office: Shinjuku-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; hereinafter PayPay) are pleased to announce the introduction of a new plan in the Earn Points mini app*3 on July 28, 2025, where users can enjoy a simulated investment experience. The Ehtereum Plan aims to mirror the spot price of Ethereum,*4 which has the second highest market capitalization amongst cryptocurrencies after Bitcoin. Users have quick access to a simulated investment experience of Ehtereum through Earn Points, without the need to open a brokerage account.
This is the first time*1 that a major service provider offering simulated investment experiences has made multiple plans linked to cryptocurrencies available.
The Bitcoin Plan, launched on January 13, has been well-received by numerous users, resulting in an increase in point investors. The decision to expand the number of plans linked to cryptocurrencies, known for their high price volatility and significant price appreciation potential,*5 was driven by user demand.
*1. Based on a comparison between the following point investment service providers: au PAY Points Management, Credit Saison’s Eternal Points Investment Service, d POINT Investment, and Points Management by Rakuten PointClub, in alphabetical order (as of July 27, 2025, researched by PPSC Investment Service).
*2. A wholly owned subsidiary of PayPay Securities Corporation.
*3. 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.
*4. As of July 27, 2025, according to PPSC Investment Service research.
*5. Standard deviation for the past three years (from June 2022 to May 2025) calculated by PPSC Investment Service (BTC: 51.8%, ETH: 68.9%, S&P 500: 17.8%).
The Ethereum logo is copyrighted by the Ethereum Foundation and is used with or without modifications under Creative Commons Attribution 3.0.
■ How to add points to the Ethereum Plan
1. Tap “Points” on the PayPay home screen.
2. Tap “Points Invested,” or the “Use Points” tab then “Earn Points”
3. Tap “Invest” at the top of the Earn Points page.
4. Select the Ethereum Plan.
5. Enter the number of points to add and tap “Confirm.”
■ How to Access “Earn Points”
1. Tap “All” on the PayPay home screen.
2. Tap “Earn Points” in the “Investments” section.
■ About Earn Points
Currently, Earn Points offers nine investment plans: the Standard Plan, Challenge Plan, Technology Plan, Gold Plan, Reverse Challenge Plan, Technology Challenge Plan, Reverse Technology Challenge Plan, U.S. Long-Term Treasury Bond Challenge Plan, and Bitcoin Plan. With the addition of the Ethereum Plan, there will be a total of ten plans that are hand-picked based on popularity, themes, and risk acceptance, allowing users to select a plan that better suits their investment style and preferences. Details of each plan, including risks and returns, can be checked in the plan details of Earn Points.
As of May 12, 2025, the number of users for Earn Points has surpassed 20 million, continuing to set the largest scale in the industry among major service providers offering similar services.*1
■ “Earn Points” Plans
| Plan | Details |
|---|---|
| Ethereum (New) | This plan aims to track the price of Ethereum price, a type of cryptocurrency. This plan is recommended for users who are interested in the growth of Ethereum’s market capitalization, which is the second largest amongst cryptocurrencies after Bitcoin. *Earn Points provides a simulated investment experience using points and does not involve trading of actual cryptocurrencies. |
| Bitcoin | This plan aims to track the price of Bitcoin, the most popular cryptocurrency based on blockchain technology. It is recommended for those who wish to invest in products different from traditional financial assets like stocks and bonds. *Earn Points provides a simulated investment experience using points and does not involve trading of actual cryptocurrencies. |
| U.S. Super Long Treasury Bond Challenge | This plan aims to track Direxion Daily 20+ Year Treasury Bull 3x Shares, an ETF that moves approximately three times the price fluctuations of U.S. Treasuries with maturities over 20 years. When U.S. long-term interest rates fall, long-term bond prices rise, causing the ETF’s price to increase. Conversely, when long-term interest rates rise, long-term bond prices fall, causing the ETF’s price to decrease. This is a good short-term investment because if the price of the 20+ year U.S. Treasuries rises 10%, the invested points will increase 30%. |
| Technology Challenge | This plan tracks ProShares UltraPro QQQ, an ETF that moves approximately three times the price fluctuations of the most representative 100 companies on the NASDAQ, known for its focus on growth-oriented sectors. The investment aims for a 30% increase in points with a 10% rise in the ETF price. Because the decline can be significant, it is suitable for short-term investment. |
| Technology Reverse Challenge | This plan tracks ProShares’ UltraPro Short QQQ (SQQQ), an ETF that seeks investments results corresponding to three times the inverse (-3x) of the stock prices of 100 companies representing the NASDAQ in the U.S. It is suited for short-term investments, as the value will significantly increase when the value of NASDAQ equities decline. |
| Gold | This plan tracks the price of SPDR Gold Shares (GLD), an ETF managed in gold. Since it is less likely to be affected by a decline in stock prices, the plan is suited for users who prefer avoiding the risks that other stock-based plans are exposed to. |
| Technology | This plan tracks Invesco QQQ Trust, Series 1 (QQQ), and ETF that offers investing in a portfolio consisting of 100 companies representing the NASDAQ in the U.S. The plan is suited for users who prefer investing in leading technology companies in America. |
| Standard | This plan tracks SPDR S&P500 (SPY), an ETF that offers investing in a portfolio consisting of 500 leading companies in the U.S. The plan is suited for long term investments, with less volatility compared to investments in individual stocks given the diversification across 500 companies. |
| Challenge | This plan tracks Direxion S&P 3 3X (SPXL), an ETF that seeks investments results with a 3x leverage corresponding to the stock prices of several leading U.S. companies. The investment aims for a 30% increase in points with a 10% rise in the ETF price. Because the decline can be significant, it is suitable for short-term investment. |
| Reverse Challenge | This plan tracks Direxion S&P 500 Bear 3X (SPXS), an ETF that seeks investments results corresponding to three times the inverse (-3x) of the stock prices of several leading U.S. companies. It is suited for short-term investments, as the value will significantly when the U.S. stock market declines. |
■ Trading rules for the Ethereum Plan
The Ethereum Plan and Bitcoin Plan, which track the actual price of cryptocurrencies, may have a larger fluctuation of points than the other eight plans. Therefore, the following rules, not applicable to the other plans, will apply.
Further, due to its nature the plan is not subject to the All Plans feature.
| Trading hours |
[Weekdays only] 7:05 a.m. to 5:55 a.m. the next day 05:55:01 on Saturdays through to 07:04:59 on Mondays, and public holidays in the U.S.) |
| Point addition units | Minimum 100 points / increments of 1 point (no upper limit) |
| Auto add |
Points are automatically added when the accumulated amount within trading hours reaches 100 points or more. If the accumulated amount is less than 100 points or outside trading hours, |
| Point withdrawal units |
Minimum 100 points / increments of 1 point (no upper limit) If less than 100 points, only a full sale is possible |
| Fees | A variable spread will be applied upon addition and withdrawal |
Regarding the eight plans other than the Ethereum Plan and the Bitcoin Plan, there are no changes to the existing conditions, and users can start investing with as little as 1 point. A transaction fee equivalent to 1.0% (spread) of the reference asset’s price for the selected plan will be considered and borne by the user for any addition of 100 points or more in a single transaction.
■ About PPSC Investment Service Corporation
PPSC Investment Service is the operator of the Earn Points service, which allows users to experience a simulated investment through a mini app in “PayPay.” Earn Points was launched as Earn Bonus on April 1, 2020, and has gained the support of many users, as it does not require any additional procedures such as opening a securities account, and anyone can immediately start simulated investments from within the PayPay app. In addition, by acquiring the financial instruments intermediary service license, the company has enabled a smoother transition from Earn Points to PayPay Invest, and thereby a better user experience.
PPSC Investment Service will continue to provide and update its services, such as adding more Earn Points plans, to make asset management more accessible to customers.
・Financial Instruments Intermediary Services (Registration number: Kanto Finance Bureau Director (Kinchu) No. 1024 / Registration date: January 16, 2024)
■ About “PayPay,” the cashless payment service provided by PayPay Corporation
“PayPay” is a cashless payment service expanding across the country, available not only at large chain stores but also at small and medium 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)
・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)
・Designated Funds Transfer Operator, permitted to provide digital payment of wages （Designation No.: Minister of Health, Labour and Welfare No. 00001 / Date of designation: August 9, 2024)
・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 as part of its 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. PayPay Money (Paycheck) refers to PayPay Money that can only be purchased with wages received by the PayPay user in their Paycheck Account. 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. Until the customer’s identity verification is completed, issued PayPay Money Lite (including previously issued ones) is distinguished as PayPay Money Lite (Low Value), and for those customers who have completed identity verification (including previously issued ones), it is classified as PayPay Money Lite (High Value). 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 (Time Limited) can only be used for payments with certain services provided by LY Corporation and its group companies. It cannot be transferred between PayPay users or cashed out. Additionally, PayPay Points (Time Limited) have an expiry date. For the exact date of expiry, please confirm the information provided by LY Corporation or group company regarding the promotional campaign or measure. 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.
