PayPay Corp. (Ticker: PAYP US) is a Japanese company specializing in digital payments and financial services. As a leading fintech provider in Japan, the company operates a comprehensive ecosystem connecting tens of millions of users and merchants through its all-in-one mobile platform. PayPay Corp. began trading on the NASDAQ on March 12, 2026, offering 55 million American Depositary Shares (ADS) priced at $16.00 per share, which was below its initially marketed range. The IPO raised approximately $880 million, giving the company a valuation of $10.7 billion.

The company functions as an integrated digital finance portal, having expanded its original code-based payment solution through PayPay Card Corporation, PayPay Bank Corporation, and PayPay Securities Corporation. According to the prospectus, PayPay Corp. intends to use the IPO proceeds to further its goal of becoming a digital finance platform for all, supporting its scalable network across payments, banking, and investment services. The offering is led by a substantial syndicate of underwriters, including Goldman Sachs, J.P. Morgan, Mizuho, and Morgan Stanley, among others.