Canadian Fintech Nuvei Expands APAC Operations to Japan

Nuvei Corporation, the Canadian fintech company, announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry.

The license enables Nuvei to progress with launching direct acquiring capabilities in Japan across card schemes, and to extend its direct connectivity with relevant “alternative payment methods (APMs) in the country.”

With its Japan headquarters in Tokyo complementing offices in China, Hong Kong, Australia, and Singapore, Nuvei now claims more than 200 on-the-ground payments specialists across the region.

Nuvei’s range of payments solutions will support Japanese businesses scale both in-market and cross-border, as well as “enable global businesses to expand into the Japanese market seamlessly.”

For Nuvei’s international customers, market entry into Japan through an existing single integration to the Nuvei core platform presents an exciting and sizeable opportunity.

Japan is reportedly the fourth largest digital commerce market globally and “second largest in the APAC region.”

The Japanese market is expected to grow at “a Compound Annual Growth Rate of 11.6% from 2024 to 2032, with Total Market Size increasing from USD$230 billion to more than USD$650 billion by 2032.”

The volume of online buyers is expected to surpass “100 million people (83% of the population) by 2026, and eCommerce will account for 22% of all commerce transactions by 2028.”

Philip Fayer, Nuvei Chair and CEO, commented:

“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.”

As covered, Nuvei is the Canadian fintech company “accelerating the business of clients around the world.”

Nuvei’s modular technology allows companies to accept next-gen payments, offer all payout options and benefit from “card issuing, banking, risk and fraud management services.”

Connecting businesses to their customers in over 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the tech and insights for customers and partners to do business “locally and globally with one integration.”



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