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Seven & i Forms Partnership to Digitize Stores

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Seven & i (TYO:3382) entered a strategic partnership deal with SoftBank (TYO:94340), PayPay, LY (TYO:4689) and Sumitomo Mitsui Card to integrate digital services into its store network.

The partnership is backed by 300 billion yen in capital, 100 billion yen each from SoftBank, PayPay, and Sumitomo Mitsui Card for long-term execution.

The Japanese investment company said that the partnership aims to combine over 20,000 stores with artificial intelligence, robotics, cashless payments, and data analytics, bringing personalized shopping experiences.

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