PayPay Corporation, the Japanese digital payments company owned by SoftBank Group, has acquired a 40% stake in Binance Japan, the Japanese subsidiary of the global cryptocurrency exchange Binance, consolidating a strategic capital and business alliance.

The agreement aims to unite PayPay's user base of more than 70 million with Binance's technology, creating a bridge between traditional payments and digital assets.

As part of this decision, both companies will develop integrated products and services, allowing users to operate with both fiat and cryptocurrencies. Among the first measures, Binance Japan users will be able to purchase cryptocurrencies directly with PayPay Money within the exchange, as well as use this same option to withdraw funds when selling their digital assets.

"By combining PayPay's user base with Binance's innovative technology, we can bring Web3 to more people across the country and provide digital asset services," said Takeshi Chino, general manager of Binance's Japanese subsidiary.

PayPay Corporation, a Japanese digital payments company backed by the SoftBank group, specializes in offering mobile payment solutions through its app. Founded in 2018, the company allows users to make cashless transactions in physical and online stores.

PayPal's acquisition of part of Binance demonstrates a growing global interest in incorporating cryptocurrencies into digital transaction systems and strengthening financial infrastructure.

Similarly, Kazakhstan has shown interest in Binance, advancing its digital asset adoption strategy with state initiatives such as the Alem Crypto Fund, a fund that, made its first investment in BNB, the exchange's token.