SoftBank-backed PayPay(PAYP.US) listed on the U.S. stock market, opening up more than 13%

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SoftBank-backed Japanese digital wallet operator PayPay(PAYP.US) listed on the U.S. stock market, opening up more than 13%, trading at $18.1, with a total market value of nearly $12 billion. The IPO price was $16. As a joint venture established by SoftBank and Yahoo Japan(now LY Corp.) in 2018, PayPay has become the absolute leader in Japan’s mobile payment sector, capturing about 70% of the Japanese smartphone payment market. Data shows that by the end of December 2025, the company had 72 million registered users, covering almost more than half of Japan’s population, successfully driving Japan’s transition from cash payments to cashless transactions.

Financial data indicates that PayPay has achieved rapid profit growth. As of the nine months ending December 31, 2025, the company’s revenue reached 278.5 billion yen, a 26% year-over-year increase, with a net profit of 103.3 billion yen, a significant 256% increase. Both key financial metrics demonstrate strong profitability and business expansion potential.

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