World First Launches New Payments Service in Japan

FinTech Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term services provider, World First, has announced the launch of a new service in Japan, providing access to a new market for online sellers worldwide. The new service allows international merchants selling to Japanese-based customers to save time and money when they transfer their sales proceeds home.

We are opening up the attractive and fast-growing Japanese market to thousands of online sellers across the globe.

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World First has effectively removed all unnecessary hurdles such as the necessity of opening a local bank account, enabling international sellers to tap into Japan’s thriving eCommerce market and expand their online business by transferring sellers’ sales revenues home quickly, conveniently and economically.

Jabu Henson, Managing Director for World First Asia, commented: “As the first provider to offer this service, we are opening up the attractive and fast-growing Japanese market to thousands of online sellers across the globe. Online sellers can now benefit from World First’s fast, efficient and cost-effective service when doing business in Japan, allowing them to focus on other important things like growing their business.”

World First’s launch in Japan increases the number of markets and marketplaces that it can help online sellers worldwide access, joining existing services in the US, the UK, Europe and Canada while reinforcing its efforts to expand its global reach.