ME News reports that on August 3 (UTC+8), SB Payment Services (SBPS), a core subsidiary of SoftBank Group’s payment business, reached an agreement with a fund under Blackstone Group to acquire shares in the parent company of SP.LINKS (formerly Sony Payment Services). Upon completion of the transaction, SP.LINKS will become a subsidiary of SBPS. Both parties stated they will combine SP.LINKS’ expertise in payment infrastructure and service capabilities with SBPS’ strengths in payment services and business foundations to enhance competitiveness in the payment agency business and adapt to market changes driven by the adoption of cashless payments, e-commerce growth, and digital technologies such as AI. (Source: ODAILY)
SB Pay Services to Acquire SP.LINKS to Strengthen Payment Operations
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Summary
SB Pay Services (SBPS), a key payment unit of SoftBank Group, has agreed to acquire shares in the parent company of SP.LINKS from a Blackstone Group fund, according to on-chain news. SP.LINKS, formerly Sony Payment Services, will become a subsidiary of SBPS following the completion of the deal. The move aims to integrate SP.LINKS’ payment infrastructure with SBPS’ operational strengths to enhance competitiveness in the rapidly growing cashless and digital payments sector. Crypto news platforms highlight the strategic alignment as both companies seek to expand their agency services.
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