P
PayPay
Fintech · Tokyo, Japan · Founded 2018
Japanese QR code-based mobile payment and financial services MoreLess
PayPay Corporation is a prominent Japanese financial technology company established in June 2018 as a joint venture between SoftBank Group and Yahoo Japan. The company launched its QR code and barcode-based mobile payment service in October 2018, with initial technological support from India's Paytm. The founding initiative, which involved team members like Naoto Kobayashi, Takuya Inoue, and Madhumita Chowdhury from its preparatory phase, aimed to quickly establish a dominant cashless payment platform in Japan. Ichiro Nakayama serves as the President & Representative Director, and CEO.
PayPay has rapidly grown to become the largest mobile payment service in Japan, boasting over 72 million registered users as of December 2025. The company's core service allows users to make payments by linking their bank accounts or credit cards to the PayPay app and then scanning a QR code or having a barcode scanned at the point of sale. This system is widely accepted across Japan in retail stores, restaurants, online shops, and for utility bill payments. The company's business model is structured in three layers: payment fees, merchant services, and an expanding suite of financial services. Revenue is generated from transaction fees, merchant services, advertising, and cross-selling financial products.
Beyond its primary payment function, PayPay has expanded its ecosystem to operate as a "super app." This ecosystem includes a range of financial services provided through its group companies: PayPay Card Corporation, PayPay Bank Corporation, and PayPay Securities Corporation. These affiliated services allow users to access credit cards, banking services like loans and deposits, and investment options directly within the PayPay app. The company has introduced features such as "PayPay Atobarai," a postpaid service, and the "PayPay My Card" credit card to diversify its offerings. In a move to expand its global footprint, PayPay has partnered with Visa to pursue entry into the U.S. market and filed for a U.S. IPO on the Nasdaq.
Keywords: mobile payments, QR code payments, barcode payments, fintech, digital wallet, cashless payment, financial services, e-payment, super app, peer-to-peer transfers, online banking, consumer loans, investment services, credit cards, merchant services, digital banking, payment processing, point of sale
Company overview
PayPay company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2018
- Headquarters
- Tokyo, Japan
- Employees
- 1,429
- Open positions
- 32
- Dealroom signal
- 40.5
- Investment activity
- 2 companies · latest Jun 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
PayPay funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| IPOOther financing | Mar 2026 | $880M | $11B | Qatar Investment Authority · Abu Dhabi Investment Authority | ↗ |
| LATE VCOther financing | Mar 2023 | — | — | Mizuho Securities · SoftBank · z holdings | ↗ |
| GROWTH EQUITY VCOther financing | Oct 2020 | $67M | — | SoftBank | — |
| LATE VCOther financing | May 2019 | $419M | $1.7B | SBVA · SoftBank | — |
| LATE VCOther financing | Oct 2018 | $17M | $70M | Undisclosed | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $2.2B | 0% | $613M | 27.3% |
| 2025 | $2.2B | +17.8% | $613M | 27.3% |
| 2024 | $1.9B | +25.8% | $253M | 13.3% |
| 2023 | $1.5B | — | $62M | 4.1% |
Growth signals
PayPay website traffic
Latest recorded traffic for PayPay is 33M monthly website visits, up 13.8% over the last three months.
Hiring
Open positions at PayPay
Current openings linked to this company in Dealroom.
Comparisons
PayPay compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
PayPay investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Seven & I HoldingTokyo, JapanGlobal network of convenience stores selling food, beverages, fuel and everyday essentials
$60Bvaluation
T&D Financial Life Insurance CompanyTokyo, JapanLife insurance products through independent agents and financial institutions in Japan
$1.5Bvaluation
Credit EngineTokyo, JapanAn online lending service for SMBs
$17Mvaluation
Talent graph
PayPay's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where PayPay has talent and traffic
team presence
In the news
Latest news about PayPay
Recent press, funding announcements, and product moves mentioning PayPay — open to read from the original sources.
Market sentiment
What the market is saying about PayPay
An AI-synthesized read of the highest-engagement posts about PayPay on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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