Adyen Expands Acquisition of Capabilities to Japan Amid Growing Push for Cashless Payments
Adyen launches its procurement solution in Japan to help companies achieve higher authorization rates, better customer experiences, and deeper data insights as the Japanese market transitions to online payments.
ADYEN, the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its procurement capabilities to include Japan. Adyen’s procurement capabilities are critical to the company’s all-in-one payment platform, enabling merchants like Microsoft, Foodpanda, VanMoof, Breitling, and G-Star to get the most out of every transaction with local payment processing. This announcement expands Adyen’s local sourcing 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 buyers in Japan.
The pandemic has further accelerated the growth of e-commerce in Japan, and as Japanese consumers continue to embrace online shopping, the use of electronic payments will increase as consumers continue to move away from cash payments. At the national level, the Japanese government has set a goal of increasing cashless payments to around 40% of all transactions by 2025, from about 20% today.
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“Asia Pacific is a key growth engine for many of our international merchants, and therefore Adyen. We are excited to bring our comprehensive solution to merchants in Japan, as more companies move to digital payments. Merchants can discover new avenues of growth and deliver richer customer experiences with our data insights and payment optimization tools, “said Warren Hayashi , President, Asia Pacific, Adyen.
Trevor Nies , Senior Director of E-Commerce Payments, Risk Operations and Analytics at Microsoft highlighted; “We have been working with Adyen since 2015 and have seen Adyen accelerate payment innovation to make payments faster, easier and more secure. Adyen is one of our strategic partners that processes payments for us globally, in almost all countries. Microsoft products and services. We are excited to be one of the first to go live with Adyen in Japan and provide our customers with a seamless payment experience. ”
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Adyen manages the entire payment flow, including gateway, risk management, and acquisition for its merchants. This means that brands can accelerate global expansion and streamline payment processes, while continuing to meet customer expectations.
Adyen provides companies with best-in-class technology information on local regulations, payment schemes and methods and deep procurement expertise. With direct card purchase connections to Visa, Mastercard, JCB, American Express, Diners, Discover and UnionPay, transactions will be processed locally in Japan through the Adyen platform. Merchants can simply use Adyen’s unique platform to offer all the key payment methods buyers prefer, such as credit and debit cards, along with relevant payment methods.
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