Japanese E-Commerce Giant to Launch Virtual Banking Services in Japan
Japanese e-commerce giant Raktuen has acquired permission to launch virtual banking services in Taiwan. The virtual bank will be launched by the name of Rakuten International Commercial Bank. It would add to the roster of credit card and marketplace services already provided by Rakuten in Taiwan. Rakuten aims to start providing its virtual banking services to consumers by 2020. It will set aside a total capital of 100 billion TWD for the initiative. The initiative is launched in collaboration with a local financial firm. Rakuten Was Not the Only Company That a Virtual Banking License in Taiwan As reported by…





