Japan's struggling Rakuten to merge credit card and mobile payments divisions

Japan's struggling Rakuten to merge credit card and mobile payments divisions

FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey

Japan’s Rakuten Group will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to eventually list the card business.