Rakuten Group announces plan to integrate bank, fintech units

Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the reorganisation, which is expected to take effect in October, the companies said in releases.

Reuters

April 01, 2024 / 09:35 IST

Rakuten Group announces plan to integrate bank, fintech units

Rakuten Group said on Monday it planned to integrate its bank, credit card and other fintech businesses into one group.

Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the reorganisation, which is expected to take effect in October, the companies said in releases.

Rakuten Bank would continue to be listed on the Tokyo exchange even after the integration, they said.

Reuters

first published: Apr 1, 2024 09:32 am

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