SoftBank and PayPay are each preparing to invest about ¥100 billion in Seven & I, with an announcement possible before month-end, Nikkei Asia reported.
The capital alliance is expected to be paired with a loyalty-program tie-up linking Seven & I’s 7iD system and PayPay’s platform into a shared database of more than 100 million members.
PayPay brings about 74 million users in Japan and Seven & I roughly 39 million registered 7iD members, giving both companies broader reach for rewards and customer-data use across retail and payments.
The deal, still in final-stage negotiations and not yet publicly announced, reflects intensifying competition in Japan to build larger consumer ecosystems spanning payments, shopping and loyalty services.