A Canadian financial technology company has announced its expansion in the Asia-Pacific region by successfully acquiring Paywiser Japan Limited. This acquisition includes the securing of an acquiring license from the Japanese Ministry of Economy, Trade and Industry, allowing the company to launch its direct acquiring capabilities within Japan.
This new license permits the establishment of direct connections to all major card schemes and to various alternative payment methods available in Japan. With additional headquarters located in Tokyo, the company enhances its operational presence alongside pre-existing offices in China, Hong Kong, Australia, and Singapore. The company now employs over 200 payment specialists across the Asia-Pacific region, strengthening its local expertise.
For international clients, entering the Japanese market is simplified through the ability to connect via a single integration into the core platform, presenting a significant opportunity for growth in a prominent eCommerce landscape.
Leadership has expressed enthusiasm about expanding their footprint in Japan, which is recognized as one of the leading markets for online commerce globally. This strategic move is aligned with their goals to extend their global reach and offer tailored payment experiences suitable for various locales. It enables businesses to better connect with their customers and accommodate their preferred payment methods.
The company emphasizes its ability to support enterprises of all sizes, allowing them to capitalize on the dynamic Japanese market. The integration of modular payment technologies combined with extensive local insights positions them well to help these businesses accelerate growth in that ecosystem.