Are you looking for a reliable payment service provider in Japan? What to consider when entering the local market?
Do you want to enter Japanese market? Looking for the reliable payment service provider with local support?
apanese people are using credit cards more and more. According to Japan: cashless payment ratio 2021 | Statista the rates of credit card use in Japan continues to increase steadily. It is a natural process supported by the Japanese government launching campaigns to transform Japan to a cashless society.
However ambitious the goals are, Japan remains a cash-based society there are still many retailers not accepting credit cards as a means payment. However, the situation in the online marketplace is different. While cash on delivery is one of the payment methods for credit card avoiders, there are some other solsolutions such as prepaid cards that can be easily purchased and topped up in convenience stores. Another popular solution that is frequently used for online purchases especially for high risk industries is so called vandle cards. Vandle card – is prepaid debit card broadly used in Japan by those who don’t have a credit card or don’t want to use their credit cards.
These are just a glimpse of what alternative payment solutions are used in Japan. While Japanese market is an area of interest for many businesses it is vital to find a payment service
provider with local expertise. It is can be a very fruitful adventure to explore a new market but you need to make sure that the local expertise in one of the most sensitive issues – payment is used.
Here at Billmont we have expertise in Japanese and other Asian markets and are ready to help you to expand your potential and make a profit in the country of the rising sun.