PayPay adds Binance Pay for eligible visitors at stores in Japan

Japanese payment provider PayPay added Binance Pay on Sept. 30 for eligible overseas visitors at participating offline stores in Japan. Merchants receive the proceeds in Japanese yen. PayPay says the integration runs through HIVEX, a cross-border payment network. Visiting Binance users can fund yen-denominated purchases from their crypto balances, with conversion handled during payment. Binance says visitors must have completed its identity verification. Binance says the feature is unavailable to Japan residents, and PayPay excludes Binance Japan users residing in Japan. Visitors can show a PayPay payment code for a merchant to scan or scan a participating merchant's PayPay QR code in the Binance app. Binance's visitor FAQ says users can review the exchange rate before confirming a payment. The FAQ says the service supports more than 100 cryptocurrencies, including USDT, USDC, Bitcoin, Ethereum and BNB. Binance says payments and refunds are separate transactions, so a refund amount can differ because of exchange-rate fluctuations and applicable foreign-exchange spreads. The FAQ does not specify a numerical spread. The service excludes online platforms, some taxis and vending machines, PayPay Money-only stores, certain barcode-payment merchants and some stores that do not support cross-border payments. Binance's FAQ also excludes merchants that require Japanese identity verification. An eligible visitor must use a store that accepts the cross-border service; a PayPay sign alone does not establish that the Binance-funded payment option is available.