PayPay to acquire 70.2 percent stake in T&D life insurer for $840 million

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PayPay announced it will acquire a 70.2 percent stake in T&D Financial Life Insurance for $840 million.

PayPay, Japan’s dominant payments app, announced plans to take a 70.2 percent stake in privately held T&D Financial Life Insurance. The deal is valued at $840 million. The transaction will mark PayPay’s entry into the life insurance sector. T&D Financial Life Insurance operates under the T&D Holdings group. The announcement was made on June 4, 2026. PayPay, backed by SoftBank, leads the domestic mobile payments market.

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