TOKYO -- Mizuho Financial Group will enter negotiations to acquire a stake in Rakuten Group's credit card unit, with the e-commerce company aiming to tap the Japanese megabank's broad customer base to expand its corporate offerings and strengthen its fintech business.
Finance
Japan's Mizuho set to buy stake in Rakuten Card
E-commerce giant seeks funds from megabank to expand fintech business
Rakuten Card is the largest credit card issuer in Japan, with over 30 million issued. (Photo by Mayumi Tsumita)
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