Navigating Changing Cross-Border Payments in Japan: A Guide for Businesses
The Japanese payments landscape is quickly aligning with other parts of the world on the availability of B2B payments options. According to the Ministry of Economy Trade and Industry, consumer eCommerce accounted for 8% of domestic eCommerce sales in 2020, while B2B eCommerce accounted for 33.5% in the same year.
Our guide explores the current state, challenges of cross-border payments to and from Japan, and:
Competition between banks and MSBs to technologically advance cross-border payments
The impact of a weakened yen and Japan's exports of digital goods on trade volume
New capabilities transforming B2B payments to help drive future growth
Business opportunities being attracted from the international markets
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