PayPay Bank Corporation (hereinafter “PayPay Bank”) and PayPay Corporation (hereinafter “PayPay”) launched a new feature in September 2025, allowing users to choose to receive either interest or PayPay Points simply by depositing into a yen ordinary savings account.*1 Users who opt to receive PayPay Points will receive them every month like interests, at a grant rate of up to 0.5% per annum (0.39% annually after tax) – that is 0.1% higher than the interest payable under the Deposit Revolution “Step-Up Yen Savings Deposit” program.*2
The choice to receive either interest or PayPay Points can be set freely on a monthly basis, allowing users to select the method of receipt that best suits their lifestyle and asset-building needs more economically and flexibly. This service, where one can choose to receive either interest or points based on their deposit balance, is an industry first,*3 and multiple patents are pending for this feature.
*1 A setting is required to receive PayPay Points.
*2 Interest rates and grant rates are subject to revision based on economic conditions.
*3 Compared with the three megabanks (Mizuho Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Bank) and 13 internet banks (AEON Bank, au Jibun Bank, SBI Shinsei Bank, SBJ Bank, GMO Aozora Net Bank, Sumishin SBI Net Bank, Seven Bank, Sony Bank, Daiwa Next Bank, Minna Bank, Rakuten Bank, Lawson Bank, UI Bank). Based on a PayPay Bank survey (as of September 2, 2025).
■ What makes PayPay Points attractive
PayPay Points are points primarily earned through transactions on PayPay, with each point equivalent to one yen. Accumulated points can be used for shopping and other everyday activities. The points awarded through the Deposit Revolution initiatives “Step-Up Yen Savings Deposit” and “Dollar & Yen 2% Savings Deposit” have no expiration date, allowing users to use them whenever needed. In addition to shopping, users can use “Earn Points” and “PayPay Invest” to aid their asset formation. Furthermore, PayPay Points are integrated with various services by LY Corporation, including Yahoo! JAPAN Shopping, broadeing both everyday usage scenarios and earning opportunities.
■ Comparison between interest and PayPay Points
If users set the receipt method to PayPay Points, they can receive points on more favorable terms than ordinary and special interest rates (“Dollar & Yen 2% Savings Deposit” and “Step-Up Yen Savings Deposit”).*4
*4 The yen ordinary savings portion of “Dollar & Yen 2% Savings Deposit” can be received as PayPay Points; the U.S. dollar ordinary savings portion continues to be received as interest.
■ Benefits of choosing PayPay Points
PayPay Points can be earned through PayPay transactions and by achieving campaign conditions. Additionally, by setting PayPay Points as the receipt method in PayPay Bank, users can accumulate points each month up to 0.5% p.a. (0.39% after tax), which is 0.1% higher than receiving interest, making it advantageous.
Accumulated PayPay Points can be used for payments via “PayPay Debit” in the PayPay Bank app or directed to “Earn Points” in the PayPay app for simulated investing. By leveraging related services of PayPay, users can find more convenient and flexible usage opportunities for both “using” and “investing” points.
■ Method to set PayPay Points as your receipt method
Settings can be completed easily in the PayPay Bank app or via the PayPay Bank mini app within the PayPay app.
■ App updates for greater ease of use
The PayPay Bank app and the PayPay Bank mini app in the PayPay app have been updated for greater ease of use. Users can now quickly check their current receipt method (interest or PayPay Points) and their status of “Step-Up Yen Savings Deposit” and “Dollar & Yen 2% Savings Deposit” at a glance. Additionally, users can see the additional deposit amount required at that time to reach the next interest rate or grant rate under the “Step-Up Yen Savings Deposit,” making it easier to plan for increases.
＜Overview＞
| Start dates | – September 1, 2025: Start accepting settings to receive PayPay Points – October 1, 2025: Start receiving PayPay Points |
|---|---|
| Eligible users | Individuals with a PayPay Bank ordinary savings account |
| Eligible deposits | Yen ordinary savings (“Step-Up Yen Savings Deposit” and “Dollar & Yen 2% Savings Deposit”) |
| Grant rates | – Balance subject to “Step-Up Yen Savings Deposit”: +0.1% (up to 0.5% p.a.) – Balance subject to “Dollar & Yen 2% Savings Deposit”: 2.0% p.a. (same as the interest rate) |
| Grant timing | – Regular portion: 1st of the following month – Special portion: Mid-month of the following month * Grants are made the following month based on the receipt-method setting as of month-end. |
| Others | – The application limit for “Step-Up Yen Savings Deposit” is up to an average balance of 10 million yen as of the mid-month of the previous month – “Step-Up Yen Savings Deposit” does not apply to the yen ordinary savings balance subject to “Dollar & Yen 2% Savings Deposit” |
PayPay Bank and PayPay will continue to strengthen their collaboration and consistently update their services and apps to enhance convenience, supporting users’ asset building.
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, Labor 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 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. 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, 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.
