Visa to be anchor investor in PayPay IPO

ChainWatcher · 2026-03-02T10:01:55+00:00

SoftBank aims for a $14 billion valuation for its Nasdaq listing of PayPay, a popular payment platform with 72 million users. Recently, it partnered with Visa for U.S. expansion and seeks funds from asset sales to support AI investments.

ChainWatcher

2026-03-02 10:01:55

Abstract generation in progress

Citing sources familiar with the matter, Reuters reports that SoftBank is targeting a valuation of $14 billion for the Nasdaq listing.

Jointly formed by SoftBank and Yahoo Japan in 2018, PayPay has rapidly expanded and grown into one of Japan’s most widely used payment platforms, amassing roughly 72 million registered users.

Earlier this month, PayPay entered a partnership with Visa to extend its offering to the United States.

SoftBank is looking for a cash boost from asset sales to fund a massive investment in artificial intelligence.

The Japanese conglomerate has committed $30 billion to OpenAI, building on a roughly $41 billion investment it said it completed in December for an estimated 11% stake.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.