ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

US banks slam door on Rakuten, fearing Amazon entry

Japanese e-retailer to reapply soon despite industry resistance

A woman pushes a stroller in front of a Rakuten Cafe store in a Tokyo shopping district. Rakuten's attempt to obtain a bank charter in the U.S. has met with stiff opposition from the industry.   © Reuters

NEW YORK -- "Get your Big Fat Check or PayPal payment" by shopping at Rakuten, the Japanese e-commerce company's U.S. website tells its customers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more