Who owns PayPay?
PayPay is not wholly owned by any single company recorded here: LY Corporation (Japan, TSE: 4689) holds a 33% stake.[1]
Evidence: LY Corporation Integrated Report FY2024, 19 November 2025. Last checked .
Key facts
- Largest stakeholder
- LY Corporation (33% stake) reported
- Headquarters
- 🇯🇵 Japan
- Origin
- 🇯🇵 Japan
- Founded
- 2018
- Category
- Internet & digital › Digital services › Payments
- Parent ticker
- TSE: 4689
- Last verified
- · 1 sources
About PayPay
PayPay is the cashless payment service that LY Corporation says it launched in 2018, offering mobile payments and a credit card through PayPay Card. LY's integrated report shows it holding 33.0% of PayPay as of September 2025, and still treats PayPay as a consolidated business, citing a payment volume of 15.4 trillion yen in the year to March 2025. PayPay Bank is a separate bank brand in the same group.
Ownership timeline of PayPay
Where PayPay sits in LY Corporation
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
- Ikyu.com
- LINE
- Yahoo! JAPAN
- ZOZOTOWN (51.4%)
Open the full LY Corporation ownership tree →
See the full LY Corporation brand portfolio (4) →
Other brands owned by LY Corporation
LY Corporation controls 5 brands on Brandtree, 5 of them in internet & digital.
Also in internet & digital
- Ikyu.com
- LINE (2011)
- Yahoo! JAPAN (1996)
- ZOZOTOWN
Other brands in payments, and who owns them
The 36 brands in payments on Brandtree belong to 19 owners. The largest is PayPal, with 4.
| Brand | Owner | Owner based in |
|---|---|---|
| GoPay | GoTo | 🇮🇩 Indonesia |
| Kaspi Alaqan | Kaspi.kz | 🇰🇿 Kazakhstan |
| Braintree | PayPal | 🇺🇸 United States |
| Afterpay | Block | 🇺🇸 United States |
| Rakuten Card | Rakuten | 🇯🇵 Japan |
| AzamPay | Bakhresa | 🇹🇿 Tanzania |
| GrabPay | Grab | 🇸🇬 Singapore |
| Mercado Crédito | MercadoLibre | 🇺🇾 Uruguay |
About the owner: LY Corporation
LY Corporation is a publicly listed company headquartered in Japan, founded in 2023.
LY Corporation is the Tokyo-listed company, code 4689 on the TSE Prime market, formed in October 2023 by an intra-group reorganisation that brought together Yahoo Japan Corporation and LINE Corporation. It is itself controlled: its integrated report names A Holdings Corporation as its parent, held 50.0% each by SoftBank Corp. and NAVER Corporation, with A Holdings owning 62.4% of LY and general shareholders 37.6%. It runs the Yahoo! JAPAN portal and the LINE messaging app and holds stakes in PayPay, ZOZO and ASKUL.
LY Corporation: full profile, brands and acquisition history →
🇯🇵 PayPay and other Japanese brands
Brandtree records a controlling owner for 437 brands that began in Japan. 21 of them (5%) are now controlled by a company headquartered in another country; PayPay is not one of them.
- ABEMA — CyberAgent 🇯🇵
- Acquire — Kadokawa 🇯🇵
- Animal Crossing — Nintendo 🇯🇵
- Dragon Quest — Square Enix 🇯🇵
- Elden Ring — Bandai Namco 🇯🇵
- Jikkyou Pawafuru Puroyakyu — Konami 🇯🇵
Frequently asked questions
Who owns PayPay?
No single company recorded here owns PayPay outright. LY Corporation holds a 33% stake.
Does LY Corporation control PayPay?
No. A 33% holding does not give control, so LY Corporation shares ownership with others.
Where did PayPay come from?
PayPay originated in Japan in 2018.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] LY Corporation Integrated Report FY2024 — LY Corporation, Annual report, published 19 November 2025; retrieved 4 October 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.