SP Payment Service buys 13.8% of Nomupay’s shares for $40m

They aim to process client businesses’ payments in Asia and globally.

SB Payment Service Corp. (SBPS) is acquiring 13.8% of shares of Nomupay, a Dublin-headquartered payments company, for approximately $40m (JPY5.8b).

SBPS is a wholly owned subsidiary of SoftBank Corp., a Japanese investment company.

SBPS’ affiliated stores are expected to be able to process payments for sale of products and services in Asia and around the world.

They also aim to support the international business expansion of their clients by providing information on local market conditions and making proposals tailored to the characteristics of the clients’ businesses.

($1 = JPY 145.64. Conversion provided by SB Payment Service)