NETELLER, a digital wallet provider and part of Paysafe Group Plc (LON:PAYS), has just announced that it is now live in Japan. Having been issued a license from the Kanto Local Finance Bureau (KLFB), the popular wallet service is available for merchants and consumers across the country.
The Japanese roll-out of the NETELLER digital wallet follows the Japanese government setting the target of doubling the percentage of cashless payments to 40% over the coming decade. This comes as part of broader efforts to reduce Japan’s dependency on cash.
Millions of consumers around the world already use NETELLER to pay at thousands of websites and send money internationally by making cost-effective, instant money transfers. Customers have a number of online and offline withdrawal and spending options, and access to rewards. Businesses using NETELLER have the option to accept and make payments in environments where traditional payment methods may not work.
Lorenzo Pellegrino
Lorenzo Pellegrino, CEO of NETELLER, Skrill and Income Access at Paysafe, commented:
As a country which has been largely cash based to date, there is an exciting opportunity in Japan to support the growth of e-commerce and digital payments locally and we believe our tried and tested NETELLER digital wallet will provide an important new payment choice. We’re looking forward to working with businesses to offer more ways for Japanese consumers to pay.