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PayPay Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

PayPay Bank pairs an easy-access yen deposit account with a lending arm that lends direct to residents of Japan, which makes it a practical fit for people living and earning in yen. Its card carries an annual fee of ¥0, and card loans run at an APR of 0% to 18%.

Key facts

Best for
A fee-free yen deposit account and card for people who live and bank in Japan.
Rate type
Variable↗
Term
3 to 1,000 months↗
Access terms
Yen ordinary deposit; account openers must be Japan residents aged 12 or older; no foreign exchange, foreign remittance or mail transfers↗
Account kind
Easy access↗
Legal entity
PayPay Bank↗
Headquarters
Japan↗
Founded
2000↗
Support channels
Help-centre, Chat↗
Pricing model
No annual fee
Official website
paypay-bank.co.jp

Loans

APR
0% to 18%↗
Credit check
Hard↗
Funding time
Screening available 24 hours a day; earliest funding 1 day↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Aged 20 to under 70 with stable income; must hold a residence card or card for specified permanent residents in Japan↗
Loan types
Personal, Credit-line↗
Features
Rewards

Credit cards

Annual fee
¥0↗
Rewards type
Points↗
Rewards rate
0.5%-1.0% PayPay Points depending on PayPay STEP status↗
Card kind
Credit↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • The deposit is easy access at a variable rate, and the linked card has an annual fee of ¥0.
  • Card loans come direct from the bank at an APR of 0% to 18%, with terms of 3 to 1,000 and free early repayment.
  • Turnaround is quick, with Screening available 24 hours a day; earliest funding 1 day for a card loan once an application goes in.
  • Card spending pays 0.5%-1.0% PayPay Points depending on PayPay STEP status in points depending on your PayPay STEP status.

Cons

  • Access is a yen ordinary deposit for Japan residents past a minimum age, with the account confined to that market.
  • Support runs on help centre and chat only, so questions are handled in writing or in chat.
  • The card loan needs a hard credit check and a residence card or a card for specified permanent residents.

Ready to try PayPay Bank?

Scored 8.9 / 10 by SumCue.

See alternatives

Who it suits

  • People living and earning in yen who want everyday spending and borrowing in one place.
  • Residents of Japan with stable income who qualify for a card loan or a credit line.

Who should look elsewhere

  • Not for readers outside Japan: access is a yen ordinary deposit for Japan residents past a minimum age, where Plazo ES and other euro providers fit better.
  • Not for savers who want the return locked: the deposit rate is variable, while Vivid Plus lists a fixed rate and AXI Card Tarjeta y Credito a fixed rate.

Who runs it

PayPay Bank (PayPay Bank) is a Japanese bank headquartered in Japan, with roots going back to 2000. It is supervised by the Financial Services Agency and the Kanto Local Finance Bureau, which granted the deposit-taking licence recorded as 624. Deposits sit with a licensed bank, and the same two regulators cover the lending side.

How PayPay Bank compares

Where PayPay Bank is available

Available
Japan
Licence in Japan
Financial Services Agency, Kanto Local Finance Bureau (deposit-taking licence, To-kin Dai 624) (624), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What fees does PayPay Bank charge?+

The PayPay card carries an annual fee of ¥0, and the deposit rate is variable, so the return moves with the market rather than staying locked. Card spending pays 0.5%-1.0% PayPay Points depending on PayPay STEP status depending on PayPay STEP status, which can offset the fee for regular users.

Who regulates the bank and where is the money held?+

PayPay Bank is supervised by the Financial Services Agency and the Kanto Local Finance Bureau, which granted the deposit-taking licence 624. Your balance is a yen ordinary deposit held at the bank rather than an investment, and that licence reference is what a complaint would quote.

Who can open the account and what kind is it?+

Access terms: openers must be residents of Japan past a minimum age, and the balance is a yen ordinary deposit. The account kind is easy access, so money moves in and out on demand, and the same bank lends direct as a direct lender for anyone who then wants a card loan.

How fast can money arrive?+

Quick: Screening available 24 hours a day; earliest funding 1 day. The card loan covers personal and credit line with terms of 3 to 1,000, and early repayment is free if you want to settle ahead of the schedule rather than paying it all the way to the end.

What credit check and eligibility rules apply to a card loan?+

The card loan uses a hard credit check. Eligibility rules narrow it further: applicants need stable income, must hold a residence card or a card for specified permanent residents in Japan, and must sit inside an age range. Questions on help centre and chat cover the detail.

What does the card pay back?+

The card is a credit card paying points worth 0.5%-1.0% PayPay Points depending on PayPay STEP status, so the earn rate depends on your PayPay STEP status rather than being a flat figure. Because the card also carries an annual fee of ¥0, the rewards only win for people who use it often.

Who does the account suit?+

It suits people living and earning in yen who want everyday spending and occasional borrowing in the same place. The account is easy access and the lending side runs over 3 to 1,000, so short and long borrowing both fit, as long as you can open it in Japan.

Sources

  • en.wikipedia.org/wiki/PayPay checked September 26, 2026

    Backs: Founded

    “PayPay Bank was founded in 2000 (formerly Japan Net Bank)”

  • faq.paypay-bank.co.jp checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels, Licences

    “©PayPay Bank”

  • japan-dev.com/companies/paypay-card checked September 26, 2026

    Backs: Annual fee, Card kind, Pricing model

    “PayPay Card is annual fee free”

  • saiganak.com/other/paypay-card-gold-for-paypay-user checked September 26, 2026

    Backs: Features, Rewards rate, Rewards type

    “Earn PayPay points at a high redemption rate”

  • paypay-bank.co.jp/cardloan/detail.html checked September 26, 2026

    Backs: Credit check, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Term

    “Customer information and credit information are checked, and credit information agencies are queried and referenced”

  • paypay-bank.co.jp/en/index.html checked September 26, 2026

    Backs: Access terms, Account kind, Rate type

    “Individuals who are 12 years of age or older and reside in Japan”

  • paypay-bank.co.jp/interest/loan.html checked September 26, 2026

    Backs: APR

    “Annual interest 0.00% to 18.0%; rate table: 1,000 thousand yen or more 1.59%, up to 1,000 thousand yen 3.0% ... 100 thousand yen or less 18.0% (card loan, from 14 June 2019)”

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Minimum deposit, Deposit protection.

PayPay Bank

A fee-free yen deposit account and card for people who live and bank in Japan.

8.9/10See alternatives