Amazon Isn’t the Only Retailer Pushing into Financial Services

Amazon has been in the news lately for their continued push into banking related services but they are not the only ones making the push; TearSheet looks into three big name retailers also pushing their businesses into finance; Rakuten is Japan’s largest e-commerce site as their footprint includes video on demand, mobile messaging and they also operate the largest online bank in the country; Overstock.com has been building a marketplace for financial services named the FinancHub; two of the U.K.’s largest grocers, Sainsbury and Tesco, have opened banks via joint ventures. Source.