AsianFin -- Japan’s mobile payments unit PayPay Corp has submitted an application to list American depositary shares (ADS) in the United States, SoftBank Corp confirmed on Friday.

The parent company said that the timing, size, and pricing of the proposed listing have not yet been finalized. SoftBank also emphasized that PayPay will remain a consolidated subsidiary following the U.S. listing.

Earlier this week, Reuters reported that SoftBank had chosen banks to manage the planned U.S. offering, signaling the next step in PayPay’s international expansion ambitions.