Seven & i agrees strategic partnership, $620 million investment with SoftBank, SMFG units
31/07/2026 08:58
Seven & i agrees strategic partnership, $620 million investment with SoftBank, SMFG units By Anton Bridge
TOKYO, July 31 (Reuters) - Japan's Seven & i Holdings 3382.T has formed a strategic partnership with SoftBank Corp 9434.T, PayPay PAYP.O and Sumitomo Mitsui Card, which will each invest 100 billion yen ($620 million) into the 7-Eleven operator, a filing showed on Friday.
Each of the three will acquire a 2.27% stake in Seven & I, the filing showed.
The firms aim to integrate their customer information and create a loyalty points ecosystem across Seven & i's physical stores and the other firms' online and financial customer bases, the filing said.
($1 = 160.3900 yen)
(Reporting by Anton Bridge and Miho Uranaka)
Recent news on PayPay
See all newsBrief: ValueAct Holdings, L.P. Raises Share Stake In Spotify,KKR-SEC Filing
PayPay Corp reports results for the quarter ended June 30 - Earnings Summary
Seven & i agrees strategic partnership to bring in $1.9 billion investment (updated)
Seven & i agrees strategic partnership, $620 million investment with SoftBank, SMFG units
Brief: Paypay Corp Q1 Total Revenue Grew 27% Year-On-Year To ¥109.8 Billion