SB Payment Services Acquires SP.LINKS to Strengthen Payment Business Layout

SB Payment Services has reached an agreement with a fund under Blackstone Group to acquire shares of SP.LINKS' parent company. This acquisition aims to leverage SP.LINKS' strengths in payment infrastructure and service capabilities, along with SBPS's strengths in payment services and business foundation, to enhance the competitiveness of payment agency services in response to the market changes brought about by the proliferation of cashless payments, the development of e-commerce, and digital technologies such as AI. Upon completion of the transaction, SP.LINKS will become a subsidiary of SBPS.

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