Rakuten Card establishes new systems development subsidiary in Vietnam
KUALA LUMPUR: Rakuten Group Inc’s subsidiary, Rakuten Card Co Ltd, has established a new systems development subsidiary in Ho Chi Minh City, Vietnam.
Rakuten Card was granted a license on October 12 to establish the subsidiary and established Rakuten Fintech Vietnam Co Ltd.
The proprietary computer systems developed by Rakuten Card provide services to drive sustained growth and expansion of its service line, he said.
According to Rakuten, Rakuten Card established Rakuten Fintech Vietnam as an overseas development center.
The company aimed to strengthen the organizational structure, both by accelerating system development and supporting business continuity planning.
The Vietnamese government has also implemented significant measures to support the development of human resources in the information technology (IT) sector, raising long-term expectations for securing and deploying top IT talent in the world. Vietnam.
In addition, the minimum time zone difference between Japan and Vietnam is ideal for a rapid response to the operational needs of businesses in Japan.
The new company plans to hire IT engineers locally and initially develop internal systems for Rakuten Card.
Rakuten Fintech Vietnam also aims to become a central hub for overseas systems development in Rakuten Group’s FinTech business, including the development of services for clients.
Since its launch in July 2005, Rakuten Card has led various initiatives to promote cross-use of Rakuten Group services and accelerate the adoption of cashless payments.
As a result, many customers use the Rakuten card widely across Japan, and the number of cards issued exceeded 23 million in June 2021, with annual credit purchase transaction volume reaching 11.6 trillion yen in 2020. .
Rakuten Card has become one of the leading service providers in the credit card industry in Japan and continues to experience strong growth.
Rakuten Card aspires to improve its credit card service and expand its range of features, making financial services more convenient, easier to use and more accessible to customers, while actively seeking to strengthen its organization and secure talent. worldwide to deliver even higher levels of customer satisfaction.
By New Straits Times
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