PayPay Securities, a SoftBank subsidiary, aims to double brokerage accounts to 2 million by March 2024, targeting 60 million PayPay app users.

PayPay Securities Corp., a SoftBank Group subsidiary, aims to double its brokerage accounts to 2 million by March 2024, leveraging its parent's 60 million registered PayPay app users. The company seeks to expand its user base and investments to become profitable in the coming years, despite facing competition from Japan's leading bank-backed brokerages. PayPay Securities currently ranks 6th in online brokerage accounts.