Mizuho and Rakuten to Launch Corporate Card 'Rakuten Business Card Platinum' in October

ロイター··JP·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Mizuho Bank, Rakuten Card, and Mizuho subsidiary UPSIDER announced on the 30th that they will begin issuing the corporate credit card 'Rakuten Business Card Platinum' on October 1. The card will have a maximum credit limit of 1 billion yen, strengthening services for mid-sized and small businesses and growth companies, and aiming to tap the corporate payments market with significant growth potential. Rakuten Group Chairman and President Hiroshi Mikitani said at a press conference that while Japan's corporate payments market is worth about 1,193 trillion yen, the share settled by credit card remains below 1 percent, adding that 'the next growth opportunity for Rakuten Group is the corporate market.' The card will leverage UPSIDER's expertise for its card issuance, credit management, and usage data management infrastructure, carry no annual fee, offer 1 percent cashback in Rakuten Points based on spending, and include automatic integration with accounting systems. Mizuho Financial Group and Rakuten Group signed a business partnership agreement in November 2024, and this corporate card represents an effort to expand their collaboration into the corporate finance sector.

Off-coverage companies 3

Mizuho Bank, Ltd.Private▲ Positive
Demandrelevance

Mizuho Bank is a joint issuer of the new Rakuten Business Card Platinum, expanding its corporate payments and mid-sized/small business services.

Rakuten Card Co., Ltd.Private▲ Positive
Demandrelevance

Rakuten Card is a joint issuer of the new Rakuten Business Card Platinum, targeting Japan's under-penetrated corporate payments market.

UPSIDERPrivate▲ Positive
Demandrelevance

UPSIDER's card issuance, credit management, and data infrastructure expertise will power the new Rakuten Business Card Platinum, expanding its corporate payments business.

© 2026 MarketIVNews