Japan’s PayPay has begun supporting Binance Pay at participating offline stores, giving eligible overseas visitors a way to use cryptocurrency balances for purchases priced in yen. The integration launched on September 30 through HIVEX, a cross-border payments network, while merchants receive their proceeds in Japanese currency rather than crypto.
A visitor-only payment route
The service is designed for Binance users visiting Japan, not for people who live there. Binance requires users to complete identity verification, and the feature is unavailable to Japan residents. PayPay has also excluded Binance Japan users residing in Japan, meaning the launch does not add the same checkout option for the exchange’s domestic customers.
The payment process takes place through the Binance app. Depending on the participating store, a customer can display a PayPay payment code for scanning or scan the merchant’s PayPay QR code. The customer’s crypto balance is converted into yen during the transaction, allowing the retailer to settle in yen without accepting digital assets directly.
According to CryptoSlate, Binance’s Japan visitor FAQ says customers can check the exchange rate before confirming a purchase. The service supports more than 100 cryptocurrencies, including Bitcoin, Ethereum, BNB, USDT and USDC.
Availability depends on the store
A PayPay sign at a checkout does not by itself guarantee that a Binance-funded payment will work. The merchant must support the relevant cross-border payment service, and the customer must have an eligible, verified account.
The service does not cover every PayPay acceptance point. Exclusions include online platforms, some taxis and vending machines, PayPay Money-only stores, certain barcode-payment merchants and stores that do not support cross-border payments. Merchants requiring Japanese identity verification are also excluded under Binance’s FAQ.
These limits mean the launch expands payment access for a defined group of travelers rather than making Binance Pay a universal payment method across Japan’s PayPay network.
Conversion and refund details
The arrangement separates the asset used by the shopper from the currency received by the merchant. A visitor spends from a crypto account, while the store receives yen after the conversion is processed. This can make a crypto balance usable at a conventional QR-code checkout without requiring the retailer to manage cryptocurrency.
However, payments and refunds are treated as separate transactions. Binance says the amount returned may differ from the original amount because exchange rates can move and foreign-exchange spreads may apply. The FAQ does not provide a numerical spread, so the information does not establish that the conversion is cost-free.
Moneyiar market picture
Moneyiar data at 09:38-09:39 on October 1, 2026, showed BNB at $768.1580493117, up 0.36% over 24 hours and 0.33% over seven days. POL, the asset listed as Polygon (previously MATIC), was $0.1119481827, down 3.89% in 24 hours but up 11.34% over seven days. Ethereum Name Service was $6.9284977647, down 1.5% over 24 hours and up 4.71% over seven days.
