PayPay Acquires Majority Stake In T&D Financial Life To Expand Digital Financial Services
By Amit Chowdhry ● Jun 9, 2026
PayPay, a subsidiary of SoftBank Group, has agreed to acquire a 70.2% stake in T&D Financial Life Insurance Company from T&D Holdings, marking a major expansion into the life insurance market and advancing its strategy to become a comprehensive digital financial services platform. The transaction values the stake at approximately ¥132 billion, with total acquisition-related costs estimated at about ¥134 billion. The deal is expected to close on October 1, 2027, subject to regulatory approvals and other customary conditions.