SoftBank’s PayPay plans U.S. IPO in major fintech move
SoftBank Group has confidentially filed with the U.S. SEC to list American Depositary Receipts (ADRs) for PayPay Corp., its digital payments arm. The Tokyo-based fintech firm has over 63 million users in Japan and handled over ¥10 trillion in transactions last year. A U.S. listing would mark a major milestone for PayPay amid intensifying global competition in digital payments. PayPay joins a wave of Asian tech companies turning to U.S. capital markets for expansion.
This move positions SoftBank’s fintech arm for global growth and highlights renewed investor interest in the digital payments sector.
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