Rakuten Bank is Japan’s largest digital bank, with 16 million accounts and 11 trillion yen ($72 billion) in deposits. The bank benefits from its close relationship with its parent firm, Rakuten Group, a diversified tech conglomerate covering more than 70 businesses including e-commerce, telecommunications, and insurance. Fintech is a bright spot for the Rakuten Group, whose mobile unit has been losing money since its launch in 2020.
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