Rakuten to combine credit card and mobile payments business -NHK

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TOKYO (Reuters) – Japan’s Rakuten Group will combine its credit card and mobile payment businesses and is considering listing its card business, public broadcaster NHK reported on Thursday.

This would be the e-commerce group’s latest attempt to shore up its finances after racking up enormous losses since 2020 on its beleaguered attempt to establish Japan’s fourth major mobile network carrier.