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About the Report
2021 saw Japanese Fintech start-up acquisitions by leading U.S. platformers. Alphabet purchased smartphone payment company Pring and Paypal Holdings purchased Paidy. During pandemic payment processor market share saw large increase with growth of e-commerce market. Japan surely is moving from cold hard cash to alternative payment modes and new options Fintech’s provide.
Fintech industry in Japan often requires large upfront cost to provide service directly to customers. It is heavily regulated and, in most cases, don’t permit operations without license and corporate presence in Japan. This report discusses B2C part to provide a bigger picture. Opportunities stemming from large Japanese market to provide B2B services and products would be the main focus as therein lies most opportunities for EU SMEs.
About the Expert
Laurynas Vanagas is the senior partner at BALTEK G.K. which specialize in technology and structuring negotiations to achieve effective collaboration between EU and Japanese companies. Laurynas has worked as Fintech business developer for Japanese market entry. He holds master’s degree from Hokkaido University. Laurynas is fluent in Japanese, skilled interpreter, and coordinator.
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This website and related activities are managed by the EU-Japan Centre for Industrial Cooperation, a joint venture between the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) and the Japanese Government's Ministry of Economy, Trade & Industry (METI).
