SB Payment Service (SBPS), a subsidiary of SoftBank, has invested approximately $40m (approximately Y5.8bn) in Irish fintech Nomupay for acquiring a 13.8% stake.  

The transaction awaits regulatory clearance. 

In addition, SBPS and Nomupay have entered a capital and business alliance aimed at strengthening their international payment capabilities.  

As part of the agreement, SBPS’s Global Business Development Division general manager Satoru Sakai has been appointed to Nomupay’s board of directors. 

The alliance supports SBPS to expand its payment services beyond Japan, while aligning with Nomupay’s ongoing investments in Europe, the Middle East, and Asia.  

The partnership will focus on joint initiatives in sales and systems integration to facilitate cross-border commerce for affiliated merchants. 

SBPS merchants will gain access to Nomupay’s Unified Payments platform, enabling international payments through a single system. 

The platform consolidates back-office functions and integrates APIs, streamlining operations that would otherwise require coordination across multiple service providers. 

SB Payment Service representative director, president and CEO Jun Shimba said: “In the future, we would like to further deepen our collaborative relationship with Nomupay while utilising SBPS’s advanced technological capabilities and digital payment expertise, and actively work towards realising a cashless society in the Asia region.” 

Nomupay Group CEO Peter Burridge stated: “Since our inception in 2021 we have been robustly active in the region, and the SB Payment Service investment now enables us to double down and support inter-regional commerce by adding additional countries and payment methods to the platform in order to support bi-directional access between Japan, Asia and the rest of the world. Both companies are very aligned on the root cause of complexity in cross border payments.” 

Nomupay has completed a third investment round of $37m in January this year.