19 March, 2026 | Thursday
/FinTech Business Asia

PayPay Co., Ltd. Surpasses 40 Million Verified Users, Strengthening Secure Cashless Ecosystem

19 March 2026 | Thursday | News

With rising eKYC adoption and expanded banking integrations, PayPay enhances transaction security, boosts payment limits, and accelerates global usability for its 73 million users.
Picture Courtesy | Public Domain

Picture Courtesy | Public Domain

PayPay Co., Ltd. (hereinafter referred to as PayPay) has exceeded 40 million users who have completed identity verification among the 73 million registered users of the cashless payment service "PayPay" in March 2026. I would like to inform you that

By completing identity verification, you will be able to transfer money to the bank account that is linked to "PayPay Money" and withdraw money from ATMs nationwide, and you can also charge from your bank account. In addition, "PayPay" is connected to about 1,000 financial institutions, including local banks in all 47 prefectures across Japan, and you can recharge smoothly from your usual bank account. This further improves the convenience of fund management and payment in daily life. In addition, the maximum payment amount per time is up to 1 million yen on the red screen "PayPay Balance", and the blue screen "PayPay Credit" is up to the maximum amount of PayPay card usage, and it also supports expensive purchases.
 
In addition, from September 2025, we will start providing "overseas payment mode", and payment and personal remittances using "PayPay" will be available in Korea, making it safe and smooth as a payment method when traveling abroad. Realize cashless payment.
 
PayPay has positioned the promotion of identity verification (eKYC) as one of the important initiatives for the purpose of countering criminal acts and unauthorized use, as well as strengthening measures against money laundering (money laundering) and terrorist financing. As a result, the number of verified users reached 40 million. Currently, 87.8% of the total settlement handling and 85.8% of the number of payments  are verified users, and the highly secure payment infrastructure is steadily expanding. As a digital financial platform used by 73 million people, we will continue to provide safer and more secure financial services by promoting identity verification.

In addition, in the unlikely event that you are affected by unauthorized use, it will take time to complete the procedure and confirmation if identity verification has not been completed. Click here for differences in functions and services based on the presence or absence of identity verification (eKYC), and please check here for information on how to verify identity.

Global

Fintech BreakThrough's

Editor Picks

Survey Box

Vote for the most influential trend in 2025:

What's Driving the Future of FinTech?v

× Please select an option to participate in the poll.
Processing...
  View poll results   More polls
× You have successfully cast your vote.
 {{ optionDetail.option }}  {{ optionDetail.percentage }}%
 {{ optionDetail.percentage }}% Complete
More polls

About Us Media Pack Contact Us Privacy Policy Terms and Conditions

Stay Connected

Sign up to our free newsletter and get the latest news sent direct to your inbox

Fintech Business Asia, a business of FinTech Business Review
© 2026 FinTech Business Review. All Rights Reserved.

Show

Forgot your password?

Show

Show

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close