SoftBank subsidiary SB Payment Services will acquire SP.LINKS to strengthen its payment business layout
The core subsidiary of Japan's SoftBank Group, SB Payment Service (SBPS), announced an agreement with a fund under Blackstone Group to acquire shares of SP.LINKS (formerly Sony Payment Services) parent company. After the transaction is completed, SP.LINKS will become a subsidiary of SBPS.Both parties stated that they will combine SP.LINKS' accumulated strengths in payment infrastructure and service capabilities with SBPS' advantages in payment services and business fundamentals to further enhance the competitiveness of the payment agency business, addressing market changes brought about by the proliferation of cashless payments, the development of e-commerce, and digital technologies such as AI.
