SoftBank Subsidiary SB Payment Services to Acquire SP.LINKS to Strengthen Payment Business Layout
Source：
www.sbpayment.jp
SB Payment Service (SBPS), a core subsidiary of Japan's SoftBank Group focused on payment business, announced an agreement with a fund under the Blackstone Group to acquire shares of the parent company of SP.LINKS (formerly Sony Payment Service). Upon completion of the transaction, SP.LINKS will become a subsidiary of SBPS. Both parties stated that they will combine SP.LINKS' accumulated expertise in payment infrastructure and service capabilities with SBPS' strengths in payment services and business foundation to further enhance the competitiveness of their payment agency business and respond to market changes driven by the adoption of cashless payments, e-commerce development, and digital technologies such as AI.
