Binance Pay users can now shop at PayPay merchants in Japan

TBCASoft says Binance Pay will go live on September 29, 2026 across PayPay merchants in Japan, opening local QR-code payments to eligible overseas users. The launch expands cross-border crypto payments into everyday spending while merchants continue settling in Japanese yen.

Why it matters: - Eligible overseas Binance Pay users can now use digital assets for everyday purchases at PayPay merchants in Japan. - The launch extends Web3 payments into travel, dining, shopping, accommodation and entertainment. - PayPay merchants still receive settlement in Japanese yen, which lowers local acceptance friction.

What happened: - TBCASoft, developer of the HIVEX payment network, said Binance Pay went live across merchants enabled by HIVEX-partner PayPay on Sept. 29, 2026, U.S. PT. - The service is available to eligible overseas Binance Pay users at PayPay merchants in Japan. - Users in Japan who are Binance Japan customers are not eligible for the feature. - Availability can vary by merchant, payment method and local requirements.

The details: - The launch supports merchant-presented QR code payments and customer-presented QR code payments. - Travelers can open the Binance app, scan or present a QR code, choose from more than 100 supported cryptocurrencies, confirm payment and complete the purchase. - Supported spending includes food and beverages, shopping, accommodation, entertainment and other in-person purchases. - Merchant-side acceptance and settlement run through HIVEX and participating local acceptance partners. - PayPay merchants receive sales proceeds in Japanese yen. - Binance Pay manages the eligible user relationship and user-side controls. - HIVEX provides the cross-border payment framework, merchant-side connectivity and interoperable operating model. - Binance Pay supports more than 300 cryptocurrencies. - Binance Pay is accepted by more than 21 million merchants globally. - Binance Pay says it has processed more than $321 billion in transaction volume since its 2021 launch.

Between the lines: - The launch is a practical test of how a federated payment framework can connect a global crypto wallet to a local merchant network without forcing merchants to change their settlement currency. - The structure keeps user-side controls with Binance Pay while preserving local payment and compliance arrangements for merchants. - HIVEX is positioning interoperability as the core value, not a replacement for local payment infrastructure.

What's next: - HIVEX said it will continue expanding payment interoperability across international markets. - The company plans to keep connecting digital wallets, acceptance partners and merchant networks through a compliant cross-border framework. - The broader model could serve as a template for additional market launches if local partners and compliance requirements align.