Binance Pay Enables Payments at PayPay Merchants via HIVEX® in Japan
The rollout gives about 48 million eligible Binance Pay users access to millions of PayPay locations, while merchants keep receiving settlement in yen.
- On Wednesday, September 30, 2026, Binance Pay launched Tether USDt payments for travelers at millions of PayPay-supported merchants in Japan through the HIVEX framework. Overseas users can now spend digital assets while merchants receive Japanese yen settlement.
- Developed by TBCASoft, Inc., HIVEX acts as a federated payment framework connecting Binance Pay to PayPay's existing QR network. Merchants receive yen settlement without needing to opt in separately or manage digital asset conversions.
- This integration provides approximately 48 million eligible Binance Pay users access to millions of merchant locations in Japan. Binance told Cointelegraph it is the first crypto payment service to access PayPay-supported merchants through this framework.
- "Our integration with PayPay reflects a shared vision," said Thomas Gregory, VP of Payments and Fiat at Binance. The move aims to better serve international customers in one of the world's leading travel destinations.
- This launch builds on Binance Pay's broader QR payment network across major travel corridors in Asia. By connecting digital assets with everyday commerce, the company aims to broaden presence in key travel markets while supporting seamless cross-border spending.
66 Articles
66 Articles
Binance Pay brings crypto spending to millions of PayPay merchants in Japan
Binance Pay has opened crypto payments to eligible overseas users at millions of PayPay supported merchant locations across Japan through the HIVEX payment network. Binance said on Sept. 30 that the service gives approximately 48 million eligible Binance Pay users…
Binance Pay Expands to PayPay Merchants Across Japan
Binance Pay has expanded its payment network in Japan through an integration with PayPay-supported merchants, allowing eligible overseas users to spend digital assets at millions of merchant locations while businesses continue receiving settlement in Japanese yen. The interoperability is being enabled through HIVEX, connecting Binance Pay with the local merchant payment infrastructure. The arrangement is […]
CryptoTendency Tourists with Binance Pay already pay with crypto in Japan and PayPay shops charge in yen thanks to HIVEX. The Binance Pay ticket arrives at PayPay stores in Japan was first published in CryptoTendencia.
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