Nuvei launches in Japan

Nuvei announced an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry (METI). The license enables Nuvei to progress with launching direct acquiring capabilities in Japan across all major card schemes, and to extend its direct connectivity with all relevant alternative payment methods (APMs) in the country.

Nuvei is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading 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 more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

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

Nuvei's comprehensive range of agile 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 the fourth largest eCommerce 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.

Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. We invite you to also register for our short weekly digest, the “Japan FinTech Observer”, on LinkedIn, or directly here on the platform.

We also provide a daily short-form Japan FinTech Observer news podcast, available via its Podcast Page. Our global Finance & FinTech Podcast, “eXponential Finance” is available through its own LinkedIn newsletter, or via its Podcast Page.

Should you live in Tokyo, or just pass through, please also join our meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.