Rakuten Bank

Rakuten Bank is a Japanese internet bank affiliated with the Rakuten Group e-commerce and fintech conglomerate. It provides online deposits, payments and lending without a traditional branch network and is among Japan’s largest digital banks by accounts.1

History

Rakuten Bank grew out of Japan’s early internet-banking market and became tightly linked to Rakuten’s ecosystem of shopping, points (Rakuten Points) and other financial subsidiaries. Digital distribution and points integration differentiate it from branch-heavy city banks.2

Group

Rakuten Group was founded by Hiroshi Mikitani. Rakuten Bank operates as a regulated banking subsidiary within that group rather than as an independent neobank startup.

Licence

Rakuten Bank holds a Japanese banking licence and takes deposits directly. The model is a licensed internet bank embedded in a commerce super-app ecosystem—closer to WeBank/Tencent or KakaoBank than to a UK challenger bank.

Products

Products include yen deposit accounts, debit cards, transfers, housing and consumer loans, and deep integration with Rakuten Points and e-commerce checkout.

References

  1. Rakuten Bank is the internet banking arm of Rakuten Group. https://www.rakuten-bank.co.jp/
  2. Rakuten Bank integrates banking with Rakuten's commerce and points ecosystem. https://global.rakuten.com/

Frequently asked questions

What is Rakuten Bank?
Rakuten Bank is a Japanese internet bank affiliated with the Rakuten Group and one of Japan’s largest digital banks.
Where is Rakuten Bank headquartered?
Rakuten Bank is headquartered in Tokyo, Japan.
What type of company is Rakuten Bank?
Rakuten Bank is described as Licensed internet bank in its neobank.wiki profile.
What is the official Rakuten Bank website?
The official website for Rakuten Bank is https://www.rakuten-bank.co.jp/.

See also

  • Accrue - Accrue is a Ghana- and Nigeria-rooted fintech that moves money across Africa and the US using a stablecoin agent network.
  • Airwallex - Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
  • Alex Johnson - Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
  • Alexandre Prot - Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
  • Ali Niknam - Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
Categories: Financial technology · Japan neobanks · Licensed neobanks · Consumer neobanks · Super-app neobanks · Public companies
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