SB Payment Service, a SoftBank subsidiary, to acquire SP.LINKS to strengthen payment business expansion

Odaily News: SB Payment Service (SBPS), the core payment subsidiary of Japan's SoftBank Group, has reached an agreement with funds managed by BlackRock to acquire shares of SP.LINKS (formerly Sony Payment Services)'s parent company. Upon completion of the transaction, SP.LINKS will become a subsidiary of SBPS. Both parties stated that they will combine SP.LINKS' expertise in payment infrastructure and service capabilities with SBPS' strengths in payment services and business foundation to further enhance competitiveness in the payment agency business and respond to market changes driven by the proliferation of cashless payments, e-commerce development, and digital technologies such as AI.