SoftBank Group’s payments unit PayPay agrees to expand into life insurance by acquiring a controlling stake in T&D Holdings Inc.’s life insurance business. Multiple outlets report that PayPay will buy a 70.2% stake in T&D Financial Life Insurance, described as T&D Financial Life, for about ¥134.3 billion (roughly $840 million). The deal is positioned as PayPay’s largest push yet beyond payments into broader financial services, with the acquisition aimed at adding a more capital-intensive product line to its existing offerings. Coverage also characterizes Japan’s fintech market as rapidly growing, and the move as part of efforts to strengthen competition among payments and financial-service providers. The transaction involves T&D Holdings selling a majority portion of its life insurance unit, while PayPay is set to become the controlling shareholder through the stake purchase. Terms such as timing for completion and regulatory approvals are not detailed in the provided excerpts.