Commerce Digital Payments News

Opn Enters US Market with Acquisition of MerchantE, Creating a Payment Solutions Company

Opn Enters US Market with Acquisition of MerchantE, Creating a Payment Solutions Company

MerchantE’s embedded payments platform complements Opn’s technology offering

Opn, the one-stop payments solutions company from Japan and Southeast Asia, announced that it has acquired MerchantE, a leading end-to-end digital commerce platform that provides payment processing and solutions to businesses of all sizes in the United States. The acquisition will accelerate Opn’s growth and innovation in this significant market to create a leading global payment solutions provider.

Headquartered in Alpharetta, Georgia, MerchantE helps medium-sized and enterprise businesses grow by providing them with comprehensive payment processing capabilities needed to facilitate transactions. MerchantE’s robust backend technology strongly complements Opn’s one-stop online payment and digital transformation solutions.

Latest Fintech News: Launching DBFI Token To Bring Crypto Banking Into Reality

With the acquisition, Opn’s global footprint now spans seven countries, including the U.S., the largest growing market for embedded finance solutions, which is expected to more than double to over US$50 billion by 2026. Together, Opn and MerchantE processed over US$19 billion in payments for over 20,000 businesses in 2022, making it a leader in payments in the Asia-Pacific region and a top 25 provider of payment processing in the U.S.

“Our acquisition of MerchantE represents a transformative step in Opn’s journey to becoming a truly global digital finance platform, underscoring our commitment to making payments seamless and borderless for both people and businesses,” said Jun Hasegawa, Founder and CEO of Opn.

“MerchantE shares our commitment to relentlessly working to develop innovative solutions that not only empower businesses to grow, but also makes the payment process frictionless for our customers. Through this acquisition, we are doubling down on this commitment to the customers we serve and intend to continue expanding our global presence to better meet them where they need us. I am confident that MerchantE and Opn will create a strong partnership together, and I am pleased to welcome the MerchantE team to our combined company.”

Ezra Don Harinsut, Opn’s Co-founder and President, said, “Combining our leading position in payments across Southeast Asia and Japan with MerchantE’s robust backend technology will allow us to immediately accelerate our growth by empowering businesses of all sizes with the tools they need to rapidly grow their customer bases. We are also extremely excited to work with the talented team at MerchantE to grow our combined business and accelerate Opn’s next stage of international growth.”

Latest Fintech Interview: Global Fintech Interview with Mark Fidelman, Chief Executive Officer at SmartBlocks

MerchantE CEO Sergi Herrero added, “We are equally excited to embark on this new journey with Opn and see tremendous opportunity to realize the meaningful benefits of this transaction as we increase our presence in the embedded payments market. MerchantE will continue to pursue its current product roadmap, and this combination with Opn will help bring our valuable technology to many new customers, positioning us for success in a fast-growing market. Today’s news is a testament to the hard work of our employees, and I congratulate them on this incredible achievement.”

Together, Opn and MerchantE provide digital finance solutions to some of the largest companies in the world, ranging from leading integrated cloud business software platform Oracle NetSuite and e-commerce platform Magento, to one of Southeast Asia’s largest e-wallets, TrueMoney and Toyota Financial Services, the finance arm of the world’s largest car company.

Opn will remain headquartered in Tokyo, and MerchantE will retain its existing headquarters in Alpharetta, Georgia, while continuing to operate under its own brand. Over time, the two organizations will identify and execute opportunities to share technology and best practices, as well as jointly develop new offerings.

Latest Fintech News: KlimaDAO Launches Fiat To Retirement Payment Platform For Carbon Offsetting On The Blockchain

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Jupiter Exchange Raises $5 Million in Seed Funding for First Publicly Available Alternative Asset Exchange

Fintech News Desk

Anne Daley joins InterPrice Technologies, Inc. as a Partner and Chief Marketing Officer

Fintech News Desk

First Federal Bank of Kansas City and Kansas City Current Partner to Launch Hometown Heroes Platform

Fintech News Desk
1