A recently completed acquisition marks a significant expansion for a Canadian fintech firm into the Asia-Pacific region. This development involves the acquisition of a Japanese payments company, which comes along with an important acquiring license from the Japanese Ministry of Economy, Trade, and Industry. With this licensing, the firm is set to launch direct acquiring capabilities in Japan, thereby enhancing access to all major card schemes and relevant alternative payment methods within the country.
Establishing a new headquarters in Tokyo, the firm is adding to its existing offices in several key locations: China, Hong Kong, Australia, and Singapore. The firm now employs over 200 payments specialists across the APAC region, significantly bolstering its operational capacity in the region.
For its international clients, entering the Japanese market through a single integration into the core payment platform presents a valuable opportunity. This streamlined access allows businesses to tap into Japan’s robust eCommerce market equipped with localized payment solutions.
The CEO of the company expressed satisfaction with this development, emphasizing the strategic importance of establishing a more robust presence in Japan, one of the leading eCommerce markets worldwide. This expansion is seen as part of a larger strategy to enhance the company’s global reach, offer customized payment solutions, and facilitate connections between businesses and their customers, regardless of their location or preferred payment methods.
By leveraging modular payment technology and local expertise, the firm is prepared to assist businesses of diverse sizes in accelerating growth within Japan’s dynamic payment ecosystem. This move is anticipated to foster a more interconnected payment infrastructure that aligns with the evolving needs of consumers and businesses in the fast-paced digital economy.