PayPay, a payment service operated by Japanese investment holding company SoftBank Group, is integrating a new payment rail into Binance Japan following an investment in the platform.
Binance Japan and PayPay have launched a new collaborative service with PayPay Money, an electronic money service that allows free peer-to-peer transactions between PayPay users.
With this integration, Binance Japan users can now not only purchase crypto assets using PayPay Money funds, but also withdraw their crypto holdings directly into PayPay Money.
The move follows PayPay’s acquisition of a 40% stake in October and marks Binance Japan’s first expansion beyond bank transfers in Japanese yen.
You can deposit and withdraw from as little as $7
PayPay Money allows Binance Japan clients to perform both deposits and withdrawals in one click when buying and selling crypto assets on the spot trading platform.
According to PayPay, the minimum amount for these transfers starts at 1,000 yen (approximately $6.50) and transactions are available 24 hours a day.
To proceed with the payment, Binance Japan users must complete identity verification on both the Binance Japan app and the PayPay app and agree to account linking.
PayPay Money fee for Binance Japan remittance. Source: PayPay
The initial deposit fee is free, but the withdrawal fee is fixed at 110 yen ($0.60). Deposit limits are limited to 1 million yen ($6,380) per day and 2 million yen ($12,760) per month, and similar limits apply to withdrawals.
The announcement also states that withdrawals will no longer be possible if the PayPay Money balance limit is exceeded.
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SoftBank is a major Japanese financial company that has been actively seeking investment opportunities in cryptocurrency ventures.
Among notable crypto investments, SoftBank is backing Twenty One Capital. Twenty One Capital is one of the world’s largest publicly traded companies with Bitcoin (BTC) exposure, holding approximately 43,500 BTC ($3.7 billion).
Twenty One Capital, backed by SoftBank, is among the top 10 listed companies that hold Bitcoin (as of November 6, 2025). Source: CoinGecko
The latest Binance Japan merger comes as SoftBank continues to push for a PayPay listing in the U.S., with investors reportedly expecting the company to be valued at more than 3 trillion yen ($20 billion) in a U.S. initial public offering that could take place as early as December.
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