SoftBank is reportedly close to acquiring SP.Links, a Japanese payments services provider formerly known as Sony Payment Services, for approximately $625 million. The deal aims to bolster SoftBank's settlements business, particularly for in-app payments.
The acquisition would significantly bolster SoftBank's position in Japan's growing digital payments and settlements market, potentially challenging established players and expanding its reach in the lucrative in-app payment sector.
SoftBank Corp. is reportedly nearing a deal to acquire SP.Links, a Japanese payments services provider that was formerly Sony Payment Services. The acquisition is valued at approximately $625 million (100 billion yen) and is intended to enhance SoftBank's existing settlements business, particularly for in-app payments in gaming and other applications.
SP.Links was previously owned by Blackstone. The deal would likely position SoftBank's combined transaction volume to rival that of the industry leader in Japan.
Pick the topics you care about. Get only what matters, on your cadence.