Search Results for "Rakuten"
2 results for "Rakuten"
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OCC Approves Zero Fintech De Novo Bank Charters Under Acting Comptroller Hsu
As of October 2023, the OCC had not approved any de novo bank charter applications from fintech companies since Acting Comptroller Hsu took office. More than half of fintechs that filed since 2017 withdrew their applications. This regulatory freeze has pushed fintechs toward acquiring existing banks rather than building new ones.
Mastercard Powers Rakuten Viber Instant Money Transfer in Hungary
Mastercard partnered with Rakuten Viber to launch an instant money transfer service within the messaging app in Hungary, marking a fintech world premiere. The embedded finance integration allowed Viber users to send money directly through the app, powered by Mastercard's payment infrastructure.