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Binance Japan and PayPay Launch PayPay Money Linkage Service
Binance Japan Inc. (Head Office: Chiyoda-ku, Tokyo; General Manager: Takeshi Chino; “Binance Japan”) and PayPay Corporation (Head Office: Shinjuku-ku, Tokyo; President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; “PayPay”) today launched a new integration service with PayPay Money*1. Through this integration, users of Binance Japan’s crypto asset spot trading (exchange; mobile and web versions) can now purchase*2 crypto assets using funds deposited from PayPay Money, and can top up their PayPay Balance with the proceeds from selling crypto assets as PayPay Money.
In addition to PayPay Money, users can also use PayPay Points*3 to fund crypto asset purchases. By presetting “Use for payments” in the PayPay app, users can combine PayPay Money and PayPay Points for transactions.
Bitcoin News Update: SoftBank's PayPay Connects Japan's Conventional Finance with the Crypto Sector
PayPay, the top digital payment platform in Japan operated by SoftBank Group, has introduced an innovative partnership with Binance Japan. This integration allows users to buy and sell cryptocurrency using PayPay Money, a no-cost peer-to-peer digital wallet. This marks Binance Japan’s initial expansion beyond conventional yen-based bank transfers, following PayPay’s purchase of a 40% share in the exchange last October
With this integration, Binance Japan customers are now able to move crypto assets to and from their PayPay Money accounts with just one click. The minimum transfer amount is set at 1,000 yen (about $6.50). Deposits incur no fees at present, while withdrawals have a flat fee of 110 yen (approximately $0.60). Users are subject to daily and monthly transaction caps of 1 million yen ($6,380) and 2 million yen ($12,760), respectively
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