Japan's SMFG, SBI to form smartphone service tie-up - Nikkei

TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc will tie up with internet brokerage SBI Holdings in a smartphone service business, the Nikkei newspaper reported on Monday, adding the two firms are expected to reach an agreement this week.SMFG in June will acquire a 20% stake in SBI NeoMobile Securities, a online brokerage specialized for smartphones, which is worth a few billion yen, the Nikkei said.SMFG is also considering a capital tie-up with SBI Holdings, the Nikkei reported.A SBI..