SoftBank (TYO:9434) and Sumitomo Mitsui Financial Group (TYO:8316) are partnering to expand their digital banking presence, Nikkei Asia reported Wednesday.
Under the partnership, Sumitomo Mitsui's Olive digital platform will connect with SoftBank's PayPay mobile payment app, which has around 69 million users. Olive currently has 5 million users, according to the report.
The companies aim to boost convenience and attract each other's customers to expand their user bases, the report said.
Beyond payments, the alliance will extend to artificial intelligence and data analytics, Nikkei reported. SoftBank will help automate Sumitomo Mitsui's back-office operations, such as call centers and credit card processing, while customer and mobility data will be combined to deliver consumer behavior insights and support targeted promotions, the report noted.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。