Wallets/rakuten-bank
Rakuten Bank
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Overview
Rakuten Bank is Japan's largest online bank + 17M+ customer accounts May 29 2025 [1, 2, jp-cro]. May 29 2025 baseline: Rakuten Bank 17M+ customer accounts (per Rakuten Bank CEO Tomotaka Torin); Rakuten Bank main-account customers 5.6M (+12.7% YoY) distinctive Japanese banking primary-account adoption; Jan 5 2026: Rakuten Bank ¥13T+ total deposits balance; Apr 21 2023 Rakuten Bank TSE IPO at ¥1,400/share + ¥83B raised (largest Japanese IPO in 4 years); Rakuten Bank Debit Card contactless payments + Rakuten Pay smartphone-based transactions integration.
Distinctive Rakuten Bank positioning:
- Japan's largest online bank + 17M+ customer accounts May 29 2025
- Rakuten Bank main-account customers 5.6M (+12.7% YoY) distinctive Japanese banking primary-account adoption
- Jan 5 2026 Rakuten Bank ¥13T+ total deposits balance
- Apr 21 2023 Rakuten Bank TSE IPO at ¥1,400/share + ¥83B raised (largest Japanese IPO in 4 years)
- Rakuten Group e-commerce ecosystem integration distinctive Rakuten Group cross-product banking (Rakuten Ichiba marketplace + Rakuten Pay + Rakuten Card + Rakuten Mobile)
- Rakuten Bank Debit Card contactless payments + Rakuten Pay smartphone-based transactions integration
- Sep 1 2010 Rakuten acquires eBank (Japanese online bank) → distinctive Japanese e-commerce-to-banking pivot
- Apr 1 2010 Rakuten Bank renaming post-eBank acquisition
History
Jul 1 2000 — eBank founding in Japan as Japan's first internet-only commercial bank.
Sep 1 2010 — Rakuten Group acquires eBank post-Japanese e-commerce-to-banking strategic acquisition.
Apr 1 2010 — eBank renamed Rakuten Bank post-Rakuten Group brand consolidation.
2011 — Rakuten Bank mobile banking app launches.
Apr 21 2023 — Rakuten Bank TSE IPO at ¥1,400/share + ¥83B raised (largest Japanese IPO in 4 years; Rakuten Group reduced Rakuten Bank stake from 100% to ~63%).
Feb 13 2024 — Rakuten Bank surpasses 15M customer accounts.
May 29 2025 — Rakuten Bank surpasses 17M customer accounts [1, 3].
Jan 5 2026 — Rakuten Bank ¥13T+ total deposits balance [2].
Ownership & operator
Operating entity: Rakuten Bank Ltd (TSE: 5838; Rakuten Group subsidiary).
Parent: Rakuten Group Inc (TSE: 4755) — Japanese e-commerce + fintech + telecom conglomerate; Rakuten Group Rakuten Bank ~63% controlling shareholder post-Apr 21 2023 TSE IPO.
Regulator: FSA (Financial Services Agency Japan).
Technical integration
Rakuten Bank mobile app (iOS + Android; 17M+ customer accounts May 29 2025) + rakuten-bank.co.jp online + Rakuten Bank Debit Card (Visa + JCB; contactless payments) + Rakuten Group integration (Rakuten Pay + Rakuten Card + Rakuten Mobile + Rakuten Ichiba marketplace); Zengin (Japanese national banking transfer network) + Zengin-Net (Japanese banking communications network); Rakuten Bank customer can conduct almost all banking transactions on mobile phones including opening an account + checking balances + transactions + bank transfers + term deposits + foreign currency deposits.
Users & growth
May 29 2025: Rakuten Bank 17M+ customer accounts + 5.6M main-account customers (+12.7% YoY); Jan 5 2026: Rakuten Bank ¥13T+ total deposits balance.
Use cases
Japanese retail + private + digital banking via Rakuten Bank mobile + rakuten-bank.co.jp online + Rakuten Bank Debit Card; Zengin + Zengin-Net; Rakuten Group e-commerce ecosystem integration (Rakuten Pay + Rakuten Card + Rakuten Mobile + Rakuten Ichiba marketplace).
Implementations & partners
Operator: Rakuten Bank Ltd (TSE: 5838; Rakuten Group subsidiary); Rakuten Group Inc (TSE: 4755) parent (~63% controlling post-Apr 21 2023 TSE IPO).
Rakuten Group sister entities: Rakuten Securities (Japanese online brokerage) + Rakuten Card (Japanese credit card) + Rakuten Pay (Japanese mobile wallet) + Rakuten Mobile (Japanese mobile carrier; 10M+ subscribers Dec 25 2025) + Rakuten Insurance + Rakuten Ichiba (Japanese e-commerce marketplace; one of Japan's largest e-commerce platforms) + Rakuten Symphony (Open RAN telecom infrastructure).
Major Japanese banking competitors: [[mufg-bank]] (Japan's largest banking group by assets) + [[smbc-olive]] (Sumitomo Mitsui Banking Corporation; Japan's #2 banking group; Mar 1 2024 Olive multifaceted financial services platform launch) + [[mizuho-bank]] (Japan's #3 banking group) + [[au-jibun-bank]] (KDDI online bank; 6.7M checking accounts March 2025) + Japan Post Bank (Japan's largest bank by deposits + branch network) + SBI Sumishin Net Bank (Japanese online bank) + Sony Bank (Japanese online bank).
Regulator: FSA.
Fun facts
- Japan's largest online bank + 17M+ customer accounts May 29 2025.
- Rakuten Bank main-account customers 5.6M (+12.7% YoY) distinctive Japanese banking primary-account adoption.
- Jan 5 2026 Rakuten Bank ¥13T+ total deposits balance.
- Apr 21 2023 Rakuten Bank TSE IPO at ¥1,400/share + ¥83B raised (largest Japanese IPO in 4 years; Rakuten Group reduced Rakuten Bank stake from 100% to ~63%).
- Rakuten Group e-commerce ecosystem integration distinctive Rakuten Group cross-product banking (Rakuten Ichiba marketplace + Rakuten Pay + Rakuten Card + Rakuten Mobile).
- Rakuten Bank Debit Card contactless payments + Rakuten Pay smartphone-based transactions integration.
- Jul 1 2000 eBank founding in Japan as Japan's first internet-only commercial bank.
- Sep 1 2010 Rakuten Group acquires eBank + Apr 1 2010 eBank renamed Rakuten Bank.
Comparison
| Feature | Rakuten Bank | [[mufg-bank]] (Japan's largest banking group by assets rival) | [[smbc-olive]] (Sumitomo Mitsui Banking Corporation rival; Japan's #2 banking group; Mar 1 2024 Olive launch) | [[mizuho-bank]] (Japan's #3 banking group rival) | [[au-jibun-bank]] (KDDI online bank rival; 6.7M checking accounts March 2025) |
|---|---|---|---|---|---|
| Operator | Rakuten Bank Ltd (TSE: 5838; Rakuten Group subsidiary ~63% controlling) | MUFG Bank (Mitsubishi UFJ Financial Group; TSE: 8306) | Sumitomo Mitsui Banking Corporation (Sumitomo Mitsui Financial Group; TSE: 8316) | Mizuho Bank (Mizuho Financial Group; TSE: 8411) | au Jibun Bank (KDDI ~50% + Mitsubishi UFJ Financial Group ~50% joint venture) |
| Type | Japan's largest online bank + 17M+ customer accounts May 29 2025 + 5.6M main-account customers (+12.7% YoY) + ¥13T+ total deposits Jan 5 2026 + Apr 21 2023 TSE IPO + Rakuten Group ecosystem integration | Japan's largest banking group by assets + MUFG Bank app | Japan's #2 banking group + SMBC Olive multifaceted financial services platform | Japan's #3 banking group | KDDI online bank + 6.7M checking accounts March 2025 + 10.2M+ au PAY Card memberships + KDDI Group integration with au PAY + Ponta Points |
| Country | JP | JP + 50+ countries | JP + 40+ countries | JP + 30+ countries | JP |
| Distinctive | Jul 1 2000 eBank founding (Japan's first internet-only commercial bank); Sep 1 2010 Rakuten Group eBank acquisition; Apr 1 2010 eBank renamed Rakuten Bank; 2011 Rakuten Bank mobile app launch; Apr 21 2023 TSE IPO ¥1,400/share + ¥83B raised (largest Japanese IPO in 4 years); Rakuten Group e-commerce ecosystem integration | 1880 Mitsubishi Bank founding heritage; 2006 Mitsubishi UFJ Financial Group formation | 1876 Sumitomo Banking heritage; 2001 Sumitomo Mitsui Banking Corporation formation | 2002 Mizuho Financial Group formation post-Dai-Ichi Kangyo Bank + Fuji Bank + Industrial Bank of Japan 3-bank merger | 2008 au Jibun Bank founding by KDDI + Mitsubishi UFJ Financial Group 50/50 JV (Japan's first mobile-carrier-bank integration); 2008 Japanese full bank license |
Status
Active, Japan's largest online bank + 17M+ customer accounts May 29 2025 [1, 2, 3]:
- Rakuten Bank Ltd (TSE: 5838; Rakuten Group subsidiary) since Jul 1 2000 eBank founding + Apr 1 2010 eBank renamed Rakuten Bank + Sep 1 2010 Rakuten Group acquisition + Apr 21 2023 TSE IPO.
- 17M+ customer accounts + 5.6M main-account customers (+12.7% YoY) + ¥13T+ total deposits Jan 5 2026.
- Rakuten Group e-commerce ecosystem integration (Rakuten Pay + Rakuten Card + Rakuten Mobile + Rakuten Ichiba marketplace).
- FSA regulated.
Sources
- 1 Rakuten Bank Surpasses 17 Million Customer Accounts — Rakuten Group, Inc.
- 2 Rakuten Bank Surpasses 13 Trillion Yen in Total Deposit Balance — Rakuten Group, Inc.
- 3 Japan's biggest online bank hits 17 million accounts: Rakuten Bank CEO Tomotaka Torin's take — Rakuten Today
- jp-cro In-corpus:
reports/countries/JP-japan.md
Source
Biography extracted from rakuten-bank.md. See matrix.md for standards-support matrix if present.