Rakuten wesentlich besser als Rocket

"Money Bridge" Service Linking Rakuten Bank and Rakuten Securities Accounts Surpasses 6 Trillion Yen in Deposit Balance

Tokyo, November 5, 2024 - Rakuten Bank, Ltd. and Rakuten Securities, Inc. today announced that Money Bridge, a service connecting customers’ Rakuten Bank and Rakuten Securities accounts, has surpassed 6 trillion yen in deposit balance, as of the end of October 2024.

Rakuten Bank and Rakuten Securities began offering Money Bridge in April 2011 to improve the convenience of services for private asset building and management. Anyone with both a Rakuten Bank and Rakuten Securities account can apply for a Money Bridge account free of charge. Once setup is complete, users can use the automatic deposit and withdrawal (sweep) function to automatically transfer funds between their securities account and their bank account free of charge. Moreover, a preferential interest rate is applied to the funds transferred to Rakuten Bank that is up to 1.8 times the regular interest rate offered by Rakuten Bank’s ordinary deposit accounts. This user-friendly and efficient system, combined with its attractive benefits, has been embraced by Rakuten members, leading to the milestone of 6 trillion yen in deposit balance.

In addition to Money Bridge, Rakuten Bank and Rakuten Securities have expanded their customer base through a range of services utilizing the Rakuten Ecosystem. As a result of these initiatives, Rakuten Bank reached 16 million accounts in July 2024, and Rakuten Securities surpassed 11 million general securities customer accounts in April 2024, marking the largest number of non-consolidated securities accounts (based on disclosed information) among Japanese securities companies. Many customers are attracted by the convenience of these entirely online fintech services, which never require a visit to a physical location.

Going forward, Rakuten Bank and Rakuten Securities are committed to effectively utilizing the strengths of the Rakuten Group to deliver innovative and convenient services that surpass those offered by traditional digital banks and online securities companies.

About Money Bridge
Money Bridge is a free service that anyone with both a Rakuten Bank and Rakuten Securities account can apply for. Once setup is complete, users can use a sweep function that automatically transfers funds between the two accounts. This eliminates the need for users to manually make deposits and withdrawals, resulting in a more seamless transaction experience.

When making transactions using Rakuten Securities, insufficient funds are automatically withdrawn from the Rakuten Bank account’s deposit balance.

Funds from the Rakuten Securities account are automatically deposited to the Rakuten Bank account in the evening after each business day. These funds are automatically deposited into the account with a preferential interest rate.

Customers can also earn Rakuten Points when using Rakuten Securities by applying for the Happy Program, the customer loyalty program provided by Rakuten Bank.

https://global.rakuten.com/corp/news/press/2024/...p;category=fintech

 

https://www.ariva.de/news/kolumnen/...e-bei-schwaeche-kaufen-11392458

Rakuten hält mehr als 31 Millionen Aktien

 

https://www.youtube.com/watch?v=0iSLBS5TXZ4
 

Rakuten’s Ryo Matsumura on the AI-powered future of e-commerce

Oct 18, .2024

We caught up with Ryo Matsumura, Senior Vice President of Rakuten’s Commerce & Marketing Company and Group Managing Executive Officer of Rakuten Group on the sidelines of Rakuten Optimism 2024 in Tokyo, Japan, to ask about the tech trends that will define the future of e-commerce, and how Rakuten is leveraging AI to empower merchants and customers across Japan.

https://www.youtube.com/watch?v=dEGRUHebhBI
 

https://www.dje.de/de/details/...ktienmarkt-erwacht-aus-winterschlaf/
 

Surpassing 8 million subscribers on October 18, 2024

Rakuten Mobile reached a major milestone last month, officially surpassing 8 million subscribers on October 18, 2024. And that’s not the only thing that’s increasing – the MNO is also gaining popularity as a primary line. Rakuten Mobile’s MNO main line usage among customers increased the most out of all mobile carriers in Japan according to a recent independent third-party survey .

The rapid rate of growth is particularly noteworthy when compared to Rakuten’s other highly successful services such as Rakuten Card, which now has over 30 million cards issue to customers across Japan: Rakuten Mobile has achieved comparable subscriber growth in close to half the time since launch.

The commitment to quality is evident in Rakuten Mobile’s recent launch of commercial services using 700 MHz “platinum band,” in addition to the ongoing expansion of 5G network coverage and an overall 4G population coverage ratio of 99.9%.

Subscribers are making the most of these improvements, averaging 27.9GB of data usage per month, with younger users between the ages of 13 and 22 driving even higher usage at 44.2GB per month.

https://rakuten.today/blog/...as-surpassed-8-million-subscribers.html
 

Rakuten Securities und HDI-Japan haben zum dritten Mal in Folge die höchste Bewertung von "3 Sternen" sowohl in den Kategorien "Inquiry Desk Rating" als auch "Web Support Rating"
erhalten!

https://www.rakuten-sec.co.jp/web/company/...pdf/press20241107_02.pdf
 

Rakuten Securities, Rakuten Investment Management und GCI Asset Management schließen eine
Basisvereinbarung über Business Alliance und entwickeln und liefern gemeinsam neue Produkte.

https://www.rakuten-sec.co.jp/web/company/...se/pdf/press20241107.pdf

 

 

November 13, 2024

Rakuten Group Q3 FY2024 Financial Results Highlights

Consolidated Non-GAAP operating income achieves quarterly profitability for the first time in five years, since Q3 FY2019; IFRS operating income achieves first quarterly profitability since Q2 FY2020.

Overall Performance

The Rakuten Group recorded year-on-year (YoY) revenue growth in all three segments in Q3 FY2024: Internet Services, FinTech and Mobile. Consolidated revenue reached 566.7 billion yen, a record high for the third quarter, up 9.3% YoY.

The Rakuten Group recorded Non-GAAP operating income in Q3 FY2024 of 12.3 billion yen, due largely to increased revenue and cost optimization at Rakuten Mobile and a substantial increase in profits at Rakuten Card. The Group achieved quarterly Non-GAAP operating income profitability for the first time in five years, following significant upfront capital investments to build out its Mobile Network Operator (MNO) business starting in Q3 FY2019. In addition, Rakuten Group recorded 538 million yen in IFRS operating income, achieving quarterly profitability for the first time since Q2 FY2020. EBITDA*1 for the quarter was profitable, recording 92.2 billion yen in a significant increase of 159.1% YoY.

As announced in August 2024, Rakuten Mobile has successfully raised 170 billion yen through the sale and leaseback of mobile network assets. Through this transaction, Rakuten Mobile has secured its own necessary short-term funds, thereby improving the Group's overall liquidity. This enables the Group to allocate cash flow from Internet Services and FinTech businesses to reduce interest-bearing debt.

https://global.rakuten.com/corp/news/press/2024/1113_01.html
 

Mizuho Financial Group to buy 15% of Rakuten Card for $1 billion

TOKYO : Japan's Mizuho Financial Group will take a 15 per cent stake in Rakuten Group subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies' strategic alliance, they said on Wednesday.

The share transfer is planned for Dec. 1, they said.

https://www.channelnewsasia.com/business/...en-card-1-billion-4745911
 

$1.06 billion for 15% of Rakuten Card are alone about $7 billion for the complete Rakuten Card.  

Rakuten owning about 31 million ASTS = about $900 million

29.72+5.46(+22.51%)
As of 12:03 PM EST. Market Open.
https://finance.yahoo.com/quote/ASTS/
 

Mizuho Financial Group kauft 15% von Rakuten Card für $1 Milliarde

Am 13. November 2024 um 07:29 Uhr

Die japanische Mizuho Financial Group wird für 165 Mrd. Yen (1,06 Mrd. $) einen Anteil von 15% an der Rakuten Group-Tochter Rakuten Card übernehmen. Damit wird die strategische Allianz der beiden Unternehmen weiter vertieft, hieß es am Mittwoch.

Der Aktientransfer ist für den 1. Dezember geplant, hieß es.

https://de.marketscreener.com/kurs/aktie/...fur-1-Milliarde-48343797/
 

November 11, 2024

Rakuten Bank, Ltd. reported a significant year-on-year increase in profits for the six months ending September 30, 2024, with ordinary profit rising by 37.8% and profit attributable to owners of the parent up by 37.5%. This financial performance reflects the bank’s robust growth and operational efficiency.

https://www.nasdaq.com/articles/...ank-sees-strong-profit-growth-2024
 

Rakuten Card and Mizuho Bank to Launch Co-Branded "Mizuho Rakuten Card" on December 3, 2024
Tokyo, Japan, November 14, 2024 - Rakuten Card Co., Ltd. and Mizuho Bank, Ltd. today announced the launch of the Mizuho Rakuten Card, a new co-branded credit card that will start taking applications and issuing new cards on December 3, 2024. A promotional campaign will launch on the same day to commemorate the release of the Mizuho Rakuten Card.

In a move to transform Japan’s digital payments landscape and forge new business models by combining their respective areas of expertise, six leading companies, including Rakuten Card and Mizuho Bank, formed a business alliance agreement on November 13, 2024. As a key part of this alliance, Rakuten Card and Mizuho Bank have partnered to issue the Mizuho Rakuten Card.

With this new card, customers can designate Mizuho Bank as their withdrawal account. The more customers use the card, the more Rakuten Points – Rakuten’s flagship loyalty program – they earn. The card, which also comes with preferred benefits for banking transactions, is designed to make everyday life more convenient and rewarding for even more customers.

Membership rewards include 1% in Rakuten Points for purchases using the Mizuho Rakuten Card, and 3% for purchases on Rakuten Ichiba, delivering benefits almost identical to the Rakuten Card. Additionally, as an exclusive benefit, the card comes with Mizuho Mileage Club membership and a range of perks such as free ATM withdrawals and waived money transfer fees when using the Mizuho Rakuten Card, making both banking transactions and everyday shopping more rewarding for customers.

Furthermore, the companies are considering introducing even more attractive benefits, such as integration with a new point service, in a significant update planned for Mizuho Bank's Mizuho Mileage Club next spring.

With around 24 million individual customer accounts, Mizuho Bank has made expanding its customer base while maintaining its strong business foundation a key strategic focus. The bank is committed to becoming the most convenient and reliable partner for its customers.

Since launching in July 2005, Rakuten Card has achieved continuous growth, with over 31.44 million cards issued as of the end of September 2024. The company proactively promotes cross-usage with various Rakuten Group services, driving the adoption of cashless payments both within and outside the Group.

With the launch of this partnership card, Rakuten Card, Mizuho Bank and their respective Groups are set to elevate customer convenience to new heights, working together on a variety of innovative services and initiatives.

https://global.rakuten.com/corp/news/press/2024/1114_03.html

 

Rakuten Viber unveils new security solutions for businesses

November 13, 2024

Rakuten Viber has launched new solutions to further protect communication on the platform. Businesses can now quickly authenticate users to enhance trust and reduce fraud, making interactions more secure.

Sokratis Kalamatianos, responsible for Digital Solutions at Eurobank comments, “As a bank, security is paramount to us. Collaborating with Rakuten Viber to develop a product for enhancing the protection of sensitive information was truly rewarding for Eurobank. Our journey through this process was seamless, driven by our shared commitment to security. The fact that this solution is being rolled out further is a testament to our innovative collaboration.”

“Security is a part of Rakuten Viber’s DNA,” said Cristina Constandache, Chief Revenue Officer at Rakuten Viber. “As 60% of online customers now prioritize security and transparency in communications with businesses, it is imperative to redefine trust. Our new solutions reinforce our commitment to safeguarding every brand-user interaction while solidifying our role as a secure super app. Our mission is to create a platform where everyone can engage seamlessly, with confidence in the privacy and integrity of their communications.”

The new security solutions are available to businesses worldwide on demand.

https://www.helpnetsecurity.com/2024/11/13/...er-businesses-security/
 

Operating income changed in the first nine months of 2024 128 billion JPY against the first nine months of 2023 – on a yearly base 170 billion JPY = $1.1 billion.

Latest IR Materials Third Quarter 2024
https://global.rakuten.com/corp/investors/
 

EBITDA changed in the first nine months of 2024 139 billion JPY against the first nine months of 2023 – on a yearly base 185 billion JPY = $1.18 billion.

Latest IR Materials Third Quarter 2024

https://global.rakuten.com/corp/investors/
 

How Boost Mobile is managing service assurance

November 15, 2024

Dawood Shahdad, VP of wireless core engineering at Boost Mobile, and Rahul Atri, president of the OSS Business Unit at Rakuten Symphony, discuss how Boost Mobile is leveraging Rakuten’s solutions to enhance network operations, service assurance and customer experiences. They reveal the innovations, challenges and outcomes of their joint collaboration.

Feaaturing:
Dawood Shahdad, VP, Wireless Core Engineering, Boost Mobile
Rahul Atri, President, OSS Business Unit, Rakuten Symphony

https://www.youtube.com/watch?v=67aTlFZ8eq4

 

Boost Mobile says it’s a real wireless carrier now
Nov 11, 2024
Boost Mobile has announced it is on its way to meeting FCC coverage deadlines by the end of the year and says it has earned the title of MNO — Mobile Network Operator — rather than MVNO, which is a virtual network operator mainly reselling service from other carriers. Mission... accomplished? Sort of. It’s progress, at least.
Boost, you will remember, is supposed to be our nation’s fourth wireless carrier thanks to a wonky deal that allowed T-Mobile to buy Sprint. Dish Network — now owned by EchoStar — bought the brand as part of the deal and is required by the FCC to hit certain milestones in its 5G network buildout to hold up its part of the bargain. Last June, it was required to cover 70 percent of the US population; by the end of the year, it needs to reach 80 percent. Boost’s chief technology officer, Eben Albertyn, told The Verge, “We are well on our way to meeting this goal.” He says the company has lit up more than 20,000 of the 24,000 cell sites it has promised to deploy by June 2025.

https://www.theverge.com/2024/11/11/24291655/...bile-5g-dish-wireless
 

Rakuten Symphony secured 2023 31 customers - global companies.
This year is 45 customers. Next year, Rakuten Symphony targeting 100 and more.

Source: My notice from Rakuten earning call Q3/2024

 

Rakuten Group, Inc. (RKUNY) Q3 2024 Earnings Call Transcript Summary

moomoo AI· Nov 16 16:18

https://www.moomoo.com/news/post/45958097/..._ticket=1729729794683314
 

Rakuten Cards growing strong with about 30 million customers today. If we compare the pace of subscriptions in the initial phase of Rakuten Card with the subscriptions by Rakuten Mobile, the pace of subscriptions by Rakuten Mobile is 1.7-fold faster than the pace of subscriptions by Rakuten Card.

Source: My notice from Rakuten earning call Q3/2024
 

Group Payments Made Simple: Split Bills and Collect Payments Effortlessly with Viber Pay

By Eden Ezion

November 7, 2024

Managing group expenses can often be a hassle, whether it’s splitting a dinner bill, sharing travel costs, or collecting money for a group gift. Viber Pay makes group payments simple and stress-free, allowing you to split bills and collect payments effortlessly within the Rakuten Viber app. Available in Greece, Cyprus, Germany, Lithuania, Estonia, Slovakia, Slovenia, and soon in the Philippines, Viber Pay is designed to make your financial transactions as easy as sending a message.

Split a Payment with Viber Pay
Splitting bills has never been easier with Viber Pay. Whether you’re out with friends or sharing expenses for a group activity, you can quickly and easily divide the cost among everyone involved.
        1.§Open the Rakuten Viber app and navigate to the ‘Pay’ tab.
        2.§Tap on ‘Group payments’ and select ‘Split a payment’.
        3.§Select or create a group chat.
        4.§Select the users that you want to include in the group payment.
        5.§Enter the Total Amount: Input the total amount of the bill and Viber Pay will automatically divide the amount equally among the group members, or you can customize the amounts if needed.
        6.§Send the Request: Tap ‘Send’ to request the payment from each group member.

Each group member will receive a notification to pay their share, and you’ll see a record of the transactions in your Recent activity list. This feature ensures that everyone pays their fair share without the awkwardness of chasing people for money.

Collect Money with Viber Pay
Collecting payments for group activities, events, or shared expenses is straightforward with Viber Pay. Whether you’re organizing a group trip or collecting money for a gift, Viber Pay streamlines the process.
        1.§Open the Rakuten Viber app and navigate to the ‘Pay’ tab.
        2.§Tap on ‘Group payments’ and select ‘Collect money’.
        3.§Select or create a group chat.
        4.§Select the users that you want to include in the group payment.
        5.§Add a Note: Optionally, add a note to describe the purpose of the payment.
        6.§Send the Request: Tap ‘Send’ to request the payment from each group member.

Each group member will receive a notification to pay their share, and you’ll see a record of the transactions in your Recent activity list. This feature makes it easy to keep track of who has paid and who hasn’t, ensuring that you collect all the necessary funds without any hassle.

With Viber Pay, managing group payments is seamless and efficient. Whether you’re splitting bills or collecting payments, Viber Pay provides a secure and convenient way to handle your financial transactions within the Rakuten Viber app. Stay tuned for more updates as we continue to expand Viber Pay to new regions and introduce exciting new features!

https://www.viber.com/en/blog/2024-11-07/...ortlessly-with-viber-pay/