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TOKYO (Reuters) -Japan's Rakuten Group will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set up the struggling e-commerce...
By November 2016, the Rakuten card was held by over 13 million people, and nearly 40% of Rakuten's revenue was from financial services, as it was operating Japan's largest Internet bank and third-largest credit company. Rakuten card holders are part of a point-based membership programme and can use those points to make purchases on the Internet ...
Rakuten.com/shop was an e-commerce marketplace based in San Mateo, California. Previously known as Buy.com, it was founded in 1997 by Scott Blum. In 2010, it was purchased by Japanese company Rakuten, and rebranded as Rakuten.com. This business was shut down by Rakuten in 2020.
Its financial unit which offers online banking, brokerage, credit card and insurance services, logged an operating profit of 39.3 billion yen, up 47% from a year earlier, as its customer base...
Osaifu-Keitai (おサイフケータイ, Osaifu-Kētai), literally "Wallet Mobile", is the de facto standard mobile payment system in Japan. Osaifu-Keitai services include electronic money, identity card, loyalty card, fare collection of public transits (including railways, buses, and airplanes ), or credit card.
Japanese e-commerce conglomerate Rakuten Group said on Wednesday that it will issue $1.8 billion of U.S. dollar-denominated 3-year senior notes at an interest rate of 11.25%.