SoftBank-backed PayPay is preparing a Nasdaq listing and aims to raise about $1.1 billion while pursuing a valuation above $10 billion. The payments firm’s roughly 40% stake in Binance Japan underscores its crypto-linked footprint.
PayPay, operated by SoftBank, is integrating with Binance Japan as it prepares for an anticipated U.S. IPO in December; the move ties a mainstream payments app to a major crypto exchange. SoftBank also backs one of the world’s top 10 public Bitcoin holders.