Rakuten Inc has today announced the official launch of its commercial banking operations in Europe with Rakuten Europe Bank, headquartered in Luxembourg.

Rakuten Europe Bank will offer banking services across Europe focusing on providing payment, deposit and loan services for merchants on the PriceMinister e-commerce platform in France. The bank also plans to expand these services to merchants on other Rakuten Group marketplaces.

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As well as being placed to become the banking platform for the businesses that make up the growing Rakuten Ecosystem in Europe, Rakuten ... (read more)