TOKYO -- Mizuho Financial Group will enter negotiations to acquire a stake in Rakuten Group's credit card unit, with the e-commerce company aiming to tap the Japanese megabank's broad customer base to expand its corporate offerings and strengthen its fintech business.
Rakuten Group announced the talks toward a strategic capital and business alliance on Monday. The two Japanese groups aim to finalize details about Mizuho's investment in Rakuten Card this year.
