Expansion to Include Japan and Korea After Huge Success with Chinese eWallet Payments
Citcon, Inc. the leading mobile wallet payment provider enabling global commerce at scale, announced that it has expanded its global footprint to encompass South Korea and Japan. Currently employed by over 30,000 merchants including Nuskin, Usana and New Age, Citcon has been pioneering the way for alternative payment methods.
Merchants using Citcon‘s global payments gateway can now transact with consumers in most of the APAC markets using all local payment methods, including more than 30 locally issued credit and debit cards and eight popular digital wallets, all through a single payments gateway.
Additional benefits to merchants:
- Preferred payment options: 70% of online transactions are paid with locally issued cards.
- Flexible payment methods, including credit cards that support payments in monthly installments.
- Higher approval rates with local acquiring when accepting credit and debit card transactions.
- Reduced risk: 3D Secure product can be used for major international card brands which will reduce fraud related chargebacks
Retail ecommerce and digital sales in Asia Pacific totaled nearly $2.99 trillion in 2021. Japan and Korea are the 4th and 5th largest markets for digital sales and ecommerce transactions in the world, and the 2nd and 3rd largest in the region ranking only behind global leader, China. Together Japan and South Korea account for more digital commerce than Germany, France and India, combined.
Citcon’s global payments solution simplifies the complex challenge of integrating and managing multiple payment methodologies to enable cross-border commerce.
For more about the features and benefits of the Citcon platform for direct sales merchants currently operating in or considering expanding to Japan or South Korea, please see these two new market perspectives from the global payment experts at Citcon: Japan Payment Methods: What Merchants Need to Know and South Korea Payment Methods: What Merchants Need to Know.
