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Rakuten signs JV agreement to offer online banking services in Taiwan

Jan 09, 2019 - Marketline Newswire

The financial subsidiaries of Japanese company Rakuten have reached an agreement with Waterland Financial Holdings (WFH) to form a joint venture (JV) to offer online banking services in Taiwan.

The agreement with WFH was signed by Rakuten Bank and Rakuten Card, which are wholly owned subsidiaries of Rakuten.Under the agreement, Rakuten Bank will hold 50% stake in the JV while Rakuten Card will own 1% interest. The remaining 49% stake will be with WFH.Rakuten and WFH agreed to allocate JPY3...