Adyen
ADYEN, the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Japan. Adyen’s acquiring capabilities are foundational to the company’s all-in-one payment platform allowing merchants like Microsoft, Foodpanda, VanMoof, Breitling, and G-Star RAW to get the most out of each transaction with local payment processing. This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, New Zealand, Hong Kong, Malaysia, and Singapore, and is supported by demand from international and domestic merchants looking to better serve shoppers in Japan.
The pandemic has further accelerated ecommerce growth in Japan, and as Japanese consumers continue to embrace online shopping, the use of electronic payments will rise as consumers continue to move away from cash-based payments. Nationally the Japanese government has set a goal of increasing cashless payments to about 40% of all transactions by 2025, from about 20% currently.
“Asia-Pacific is a key growth driver for many of our international merchants, and therefore for Adyen. We’re excited to bring our full-stack solution to merchants in Japan, as more companies transition to digital payments,” said Warren Hayashi, President of Asia-Pacific, Adyen. “Merchants can discover new avenues for growth and offer richer customer experiences with our payment optimization tools and data insights.”
