More Japanese Firms Using Internet Banks as Main Financial Institution - Nippon.com

A Tokyo Shōkō Research survey recovered much companies are utilizing 1 of 9 starring net banks arsenic their main fiscal institution. The survey, which looked astatine a database of 1.55 cardinal companies nationwide, recovered that 3,446 firms utilized either Au Jinbun Bank, GMO Aozora Net Bank, PayPay Bank, SBI Sumishin Net Bank, Sony Bank, Daiwa Next Bank, Minna Bank, Rakuten Bank, oregon UI Bank (based connected the largest indebtedness amount, if much than 1 slope was used). This was a fivefold summation from 665 companies successful 2013.

The bulk of companies, however, inactive trust connected accepted banks. The apical 3 megabanks dominate, with 125,837 firms utilizing Mitsubishi UFJ Bank, 98,778 utilizing Sumitomo Mitsui Bank, and 80,620 utilizing Mizuho Bank. Among online banks, Rakuten Bank is the main fiscal instauration for 1,394 companies followed by PayPay Bank with 1,268 companies, putting the institutions astatine a level comparable to second-tier determination banks, recognition unions, and different determination lenders. The survey showed that SBI Sumishin Net Bank and GMO Aozora Net Bank are besides increasing steadily.

(Originally published successful Japanese. Banner photograph © Pixta.)