Rakuten Card aiming for 100 billion yen profit, eyes 1,100 trillion yen B2B market

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TOKYO : Japan's largest credit card company, Rakuten Card, is aiming to almost double its annual operating profit to 100 billion yen ($663.7 million) in the medium term and sees opportunity in expanding into the largely untapped business-to-business payments market, its new chief executive officer said.

"It's really not a red ocean so it makes sense for us to enter the market without delay," Nakamura said.

Already we are jointly creating services and doing marketing," Nakamura said.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Japan Executive Services Group Rakuten Payments Nakamura Officer Financial Card Credit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 16:03:49 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27314532

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