Seven & i Inks $1.8 Billion Pact With SoftBank, PayPay, SMFG

SoftBank Corp., PayPay Corp. and Sumitomo Mitsui Financial Group Inc. will invest around ¥300 billion ($1.8 billion) to buy a stake in Seven & i Holdings Co., uniting Japan’s biggest...

By Koh Yoshida and Hideki Suzuki · Bloomberg

SoftBank Corp., PayPay Corp. and Sumitomo Mitsui Financial Group Inc. will invest around ¥300 billion ($1.8 billion) to buy a stake in Seven & i Holdings Co., uniting Japan’s biggest convenience store operator with an influential chunk of the country’s banking and payment sector to drive more customer traffic.