Nuvei, a Canadian FinTech company, has announced its expansion into the Asia-Pacific (APAC) region through the acquisition of Paywiser Japan.
This acquisition includes an acquiring licence granted by the Japanese Ministry of Economy, Trade and Industry. The licence allows Nuvei to introduce direct acquiring capabilities in Japan across all major card schemes and to extend its direct connectivity with key alternative payment methods (APMs) in the country.
The establishment of Nuvei’s headquarters in Tokyo complements its existing offices across the APAC region, including China, Hong Kong, Australia, and Singapore. With this expansion, the company now boasts a team of over 200 payments experts on the ground, reinforcing its commitment to the region.
Japan’s eCommerce market, the fourth largest globally and the second largest in APAC, presents significant opportunities for businesses looking to scale both domestically and internationally.
Nuvei chair and CEO Philip Fayer said, “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.
“With our modular payments technology and extensive local expertise, we’re well positioned to help businesses of all sizes accelerate their growth within this dynamic ecosystem.”
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