A Japan Deal Expands Nuvei’s Asia Footprint, While Nayax Embeds Payments for Self-Service Devices

Canada-based processor Nuvei Corp. announced early Monday it has closed on its acquisition of Paywiser Japan Ltd., a deal that will expand Nuvei’s position in the Asia-Pacific market. The deal, which includes Paywiser’s acquiring license, will connect Nuvei to merchants in Japan through direct acquiring capabilities. It also includes links to alternative payment methods, Nuvei says. The move includes a new headquarters in Tokyo.

In related news, the Israeli processor Nayax Ltd. said early Monday it has reached an agreement to embed its payments technology in products from Seco S.p.A., starting with a smart screen aimed at vending machines and other self-service venues.

Nuvei sees large potential in Japan, which represents the world’s fourth largest e-commerce market worldwide and the second largest in the Asia-Pacific area, according to the company. That market in Japan represents $230 billion in volume, while the number of e-commerce consumers has reached 100 million, according to the company, citing Research and Markets.

For Nuvei, the Japan expansion represents the opportunity to offer a single integration for processing in that market, the company says. Further globalization appears to be in the offing, according to the company. “This expansion aligns with our strategic priorities to continue growing our global footprint,” notes Philip Fayer, Nuvei’s chairman and chief executive, in a statement.

The new Tokyo base comes on top of Nuvei offices in China, Hong Kong, Australia, and Singapore. Altogether, Nuvei operates in more than 200 geographies, including local acquiring in 50, with support for some 720 alternative payment methods, the company says.

In the case of Nayax, the move to embed payments in Italy-based Seco’s smart screens represents an effort to get ahead of a trend toward offering payments capabilities for a wide variety of self-service technologies. As the strategy widens beyond screens, the company says it hopes to offer clients lower operating costs and easier integrations. The move with Seco will also offer the potential for “broader adoption of our embedded payment platform,” said Oren Tepper, chief commercial officer at Nayax, in a statement.

Nayax links to more than 80 acquirers and merchant integrations worldwide, the company says. It has recently become active in offering payments platforms for the burgeoning market for charging stations to support electric vehicles. The move comes as the number of EV charging stations in North America has more than doubled over the past five years to more than 61,000.