Nuvei Completes Acquisition of Paywiser Japan Limited

Acquisition and Expansion - Canadian FinTech Nuvei has completed its acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry [1] - With this license, Nuvei can launch direct acquiring capabilities in Japan across all major card schemes and extend its direct connectivity with alternative payment methods in the country [1] - This expansion aligns with Nuvei's strategic priorities to grow its global footprint, offer localized payments experiences, and enable customers to get closer to their customers through payments [2] Technology and Market Reach - Nuvei's technology offers payment solutions that help Japanese businesses scale both in-market and cross-border, and assist international customers in expanding into the Japanese market [3] - The company's technology connects businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies, and 720 alternative payment methods [3] - Nuvei's modular payments technology and extensive local expertise position it well to help businesses of all sizes accelerate their growth within the dynamic ecosystem [4] Recent Developments - On Jan 20, Nuvei debuted an omnichannel payment tool for the UK's gaming sector, helping gaming operators lower costs and simplify operations by managing all payments through one API [5] - The platform supports global expansion with localized payment methods and compliance across the globe, while being tailored for the UK market [5] - On Jan 16, Nuvei was integrated into Outpayce's Xchange Payment Platform (XPP), enabling travel merchants using XPP to access Nuvei's payment capabilities for processing transactions across geographies [6] - This integration represents a major leap forward in simplifying and enhancing payment processes for airlines and travel businesses worldwide [6]