Nuvei Boosts eCommerce Payments in Japan with Strategic Paywiser Acquisition

Nuvei Boosts eCommerce Payments in Japan with Strategic Paywiser Acquisition

Nuvei, a leading Canadian FinTech company, is set to enhance its footprint in the Asia-Pacific (APAC) region with the acquisition of Paywiser Japan. This strategic move allows Nuvei to leverage its direct acquiring capabilities in Japan, marking a significant step in its global expansion efforts.

Expansion of Nuvei in the APAC Region

With the acquisition of Paywiser Japan, Nuvei has obtained an acquiring license from the Japanese Ministry of Economy, Trade and Industry. This license enables the company to:

  • Introduce direct acquiring capabilities across all major card schemes in Japan.
  • Enhance connectivity with key alternative payment methods (APMs).

Strengthening Local Presence

Nuvei’s new headquarters in Tokyo will complement its existing offices throughout the APAC region, including locations in China, Hong Kong, Australia, and Singapore. The company now employs a dedicated team of over 200 payments experts in the region, underscoring its commitment to delivering localized services.

Opportunities in Japan’s eCommerce Market

Japan’s eCommerce market is the fourth largest globally and the second largest in the APAC region. This presents a multitude of opportunities for businesses aiming to grow both domestically and internationally. Nuvei’s CEO, Philip Fayer, expressed enthusiasm regarding this expansion, stating:

“We’re delighted to be building on our existing presence and laying down even stronger roots in Japan, one of the preeminent eCommerce markets globally. This expansion aligns with our strategic priorities to continue growing our global footprint, offer localized payments experiences on a global scale, and enable our customers to get closer to their customers through payments, wherever they are and however they want to pay.”

Leveraging Modular Payments Technology

With its modular payments technology and extensive local expertise, Nuvei is well-positioned to assist businesses of various sizes in accelerating their growth within Japan’s dynamic ecosystem. For more information about Nuvei’s services and solutions, visit their official website.

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Nuvei’s expansion into Japan aims to not only enhance its operational capabilities but also to provide tailored payment solutions that meet the specific needs of local businesses. This strategic initiative is a testament to Nuvei’s commitment to fostering innovation and facilitating seamless transactions in the rapidly evolving FinTech landscape.

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