# Rakuten Bank

> Source: https://docs.barcoder.ai/docs/wallets/rakuten-bank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Rakuten Bank — official](https://www.rakuten-bank.co.jp/)

## Overview

**Rakuten Bank** is **Japan's largest online bank** + **17M+ customer accounts May 29 2025** <sup>[1][1], [2][2], [Japan report](https://docs.barcoder.ai/docs/payments/JP)</sup>. **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** <sup>[1][1], [3][3]</sup>.

**Jan 5 2026 — Rakuten Bank ¥13T+ total deposits balance** <sup>[2][2]</sup>.

## 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 (Mitsubishi UFJ Direct app)](https://docs.barcoder.ai/docs/wallets/mufg-bank) (Japan's largest banking group by assets) + [Olive (SMBC + Sumitomo Mitsui Card)](https://docs.barcoder.ai/docs/wallets/smbc-olive) (Sumitomo Mitsui Banking Corporation; Japan's #2 banking group; Mar 1 2024 Olive multifaceted financial services platform launch) + [Mizuho Bank (Mizuho Direct + Mizuho Wallet)](https://docs.barcoder.ai/docs/wallets/mizuho-bank) (Japan's #3 banking group) + [au Jibun Bank](https://docs.barcoder.ai/docs/wallets/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 (Mitsubishi UFJ Direct app)](https://docs.barcoder.ai/docs/wallets/mufg-bank) (Japan's largest banking group by assets rival) | [Olive (SMBC + Sumitomo Mitsui Card)](https://docs.barcoder.ai/docs/wallets/smbc-olive) (Sumitomo Mitsui Banking Corporation rival; Japan's #2 banking group; Mar 1 2024 Olive launch) | [Mizuho Bank (Mizuho Direct + Mizuho Wallet)](https://docs.barcoder.ai/docs/wallets/mizuho-bank) (Japan's #3 banking group rival) | [au Jibun Bank](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://global.rakuten.com/corp/news/press/2025/0530_01.html "Rakuten Bank Surpasses 17 Million Customer Accounts — Rakuten Group, Inc."
[2]: https://global.rakuten.com/corp/news/press/2026/0105_03.html "Rakuten Bank Surpasses 13 Trillion Yen in Total Deposit Balance — Rakuten Group, Inc."
[3]: https://global.rakuten.com/corp/innovation/rakuten_today/2025/0828-7288/ "Japan's biggest online bank hits 17 million accounts: Rakuten Bank CEO Tomotaka Torin's take — Rakuten Today"
[jp-cro]: https://docs.barcoder.ai/docs/payments/JP

- [1] [Rakuten Bank Surpasses 17 Million Customer Accounts — Rakuten Group, Inc.][1]
- [2] [Rakuten Bank Surpasses 13 Trillion Yen in Total Deposit Balance — Rakuten Group, Inc.][2]
- [3] [Japan's biggest online bank hits 17 million accounts: Rakuten Bank CEO Tomotaka Torin's take — Rakuten Today][3]
- <sup>[Japan report](https://docs.barcoder.ai/docs/payments/JP)</sup> In-corpus: `reports/countries/JP-japan.md`

## Source

Biography extracted from [rakuten-bank.md](https://docs.barcoder.ai/source/wallets/rakuten-bank). See `matrix.md` for standards-support matrix if present.