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Canadian FinTech Nuvei enters Japan with Paywiser acquisition

By Gloria Mathias

January 28, 2025

  • APAC
  • APAC Expansion
  • APAC Fintech news
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CloudPay, Nuvei, Payments, Montreal, Employee payments, Transactions, Partnership, London, UK, Mastercard Send, APAC, Pay2All, FinTech Solutions, FinTech LATAM, Fintech Acquisitions, Brazil FinTech, PIX Payments Infrastructure, Scanco, B2B payments, Fintech360, Forex, B2B Forex Payments, Foreign Exchange, Hong Kong FinTech, APAC Fintech News, FinTech Partnerships, JCB, Japan Fintech, APAC expansion, Global Expansion, Singapore, Hong Kong, Delaware North, Online Gaming, USA, Payments solutions, Blockchain , Japan Expansion, Payments, LATAM, Fintech Acquisitions, PaywiserNuvei Corporation (Nuvei), a Canadian FinTech company, has announced an expansion in Asia-Pacific (APAC) after completing the acquisition of Paywiser Japan Limited, including acquiring a license granted by the Japanese Ministry of Economy, Trade, and Industry.

The license enables Nuvei to launch direct acquiring capabilities in Japan across all major card schemes and extend its direct connectivity with all relevant alternative payment methods (APMs) in the country.

With its new Tokyo headquarters complementing existing offices in China, Hong Kong, Australia, and Singapore, Nuvei now has over 200 on-the-ground payments experts across the region.

Nuvei’s comprehensive range of agile payment solutions will support Japanese businesses in scaling both in-market and cross-border and enable global businesses to expand into the Japanese market seamlessly.

For Nuvei’s international customers, market entry into Japan through an existing single integration into the Nuvei core platform presents an exciting and sizeable opportunity. Japan is the fourth-largest eCommerce market globally and the 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 $230 billion to more than $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 Chairman and CEO shared, “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 localised payment 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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