"With this collaboration, Rakuten and Tech Mahindra aim to build a world-class 5G ready network lab which will be one of its kind in the industry," a joint statement by both the companies said.
Rakuten first started accepting payments in the year 2015, when it integrated its US website with Bitnet, a bitcoin payment processor.
Rakuten is still unsure whether it wants to venture into the country due to concerns about the slowdown in growth in India's e-commerce market. According to to RedSeer Consulting, the Indian e-commerce industry grew by a meagre 12 percent in 2016 compared to 180 percent in 2015.
The Indian e-commerce sector is in the midst of a slowdown, a move many believe will lead to consolidation. But that's unlikely to happen.
E-commerce companies like Rakuten, Kickstart and StorKing are witnessing investor investment and heating up competition for existing players like Amazon and Flipkart.
RezNext Global Solutions has been awarded the Red Herring Top 100 Asia for 2015. Red Herring announced its
A record 20.1 percent of men and 10.6 percent of women in Japan remain unmarried by age 50, according to a 2013 government survey.
Rakuten said the all-cash deal would give it access to 2.5 million new customers in the United States, Canada, South Korea and China.