8 Articles
8 Articles
NTT Docomo to Acquire Sumishin SBI Bank to Strengthen "Economic Sphere" and Capture Customers
On the 29th, it was learned from an interview with a related person that NTT Docomo has decided to acquire Sumishin SBI Net Bank, a major internet bank. By entering the banking industry, the company aims to break away from its business model that relies on mobile phone business and to lock in customers by strengthening its "economic sphere" by linking its own services with each other. The acquisition will be announced on the same day.
Docomo Set to Acquire Major Online Bank SBI Sumishin; Merger is Planned to Strengthen Docomo’s Financial Services
NTT Docomo Inc. will acquire a majority stake in SBI Sumishin Net Bank Ltd., a major Japanese online bank, and make it a subsidiary, the company announced Thursday. The move is aimed at strengthening NTT Docomo’s financial services through methods such as integrating SBI Sumishin Net Bank’s functions with its smartphone payment service “d payment,” according to sources familiar with the matter.
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