News Summary

Montréal-based Nuvei Corporation has announced its strategic expansion into the Asia-Pacific region by acquiring Paywiser Japan Limited, a subsidiary of British payments company Paywiser. This acquisition includes an acquiring license from the Japanese Ministry of Economy, Trade, and Industry, allowing Nuvei to offer direct acquiring capabilities across major card schemes like Mastercard and Visa, as well as alternative payment methods in Japan. Nuvei’s CEO, Phil Fayer, emphasized Japan’s significant role in the global e-commerce market, stating that this move aligns with Nuvei’s strategic priorities to expand its global footprint and offer localized payment experiences. With over 200 staff members in the Asia-Pacific region, Nuvei is well-positioned to enhance its services in Japan, supported by its new Tokyo headquarters. This expansion follows Nuvei’s previous advancements, such as obtaining licenses for money transfer and merchant acquisition services in Singapore, and expanding its partnership with Japan’s JCB to include payment acceptance in Singapore and Hong Kong. Founded in 2003, Nuvei provides tech-enabled payment solutions across various sectors including gambling, online retail, and financial services.