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Market Chatter: Seven & i, PayPay in Final Talks on 100 Million Customer Data Integration, 200 Billion Yen Investments

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SoftBank-backed (TYO:9984) PayPay and Seven & i Holdings (TYO:3382) are in final talks to integrate their customer data, bringing together over 100 million customers, as part of a loyalty point ecosystem, Nikkei reported Thursday.

Under the deal, data will be integrated after SoftBank and PayPay agree to individually invest about 100 billion yen each in Seven & i, and the transaction will strengthen Seven & i's digital payments business.

Meanwhile, Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial (TYO:8316), is also considering participating, with an announcement possible as early as the end of this month.

SoftBank, PayPay and Seven & i did not immediately respond to a request for comment from.

(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.)

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