Nomupay raised $40 M investment from Softbank to accelerate payment expansion across Asia

Nomupay, an Irish company, has gotten a $40 million investment from Softbank to expand its international payments business throughout Asia.

Nomupay announced in a statement on Tuesday that SB Payment Service Corp. (SBPS), a subsidiary of SoftBank Corp., had made a strategic investment in the company.

The start of a long-term collaboration aimed at enabling payment access throughout Asia and beyond, this is Nomupay’s biggest investment to date.

Because the investment shows a strong belief in its vision and capabilities, Nomupay emphasized that this partnership is about more than just money.

Additionally, it stated that it is a shared commitment to making international expansion easier for its clients.

SBPS, the payment provider in Japan, has been looking for the ideal partner to help its merchants grow internationally without losing control over the client relationship or having to deal with the hassle of disjointed solutions.

After searching for two years, the company finally located Nomupay.

Now that SBPS has a single payments platform, merchants can expand globally without having to worry about juggling numerous providers, contracts, integrations, and reporting systems.

Its lone back office and API simplify and expedite what has historically been a difficult and expensive process.

In Japan, a vital but frequently difficult market to enter, the partnership offers Nomupay a strong chance to establish its presence.

Additionally, through one of Japan’s leading telecom groups, SBPS offers access to carrier billing, embedded payment capabilities, and a wide domestic reach.

Together, the two are facilitating trade in both directions between Japan, the rest of Asia, and the global community.

The statement claims that the goal of SBPS and Nomupay is to solve the intricate problem of cross-border payments.

This partnership is a reflection of both parties’ conviction that merchants require a full-service platform that manages payment acceptance, treasury, and payouts in addition to offering localized checkout experiences and compliance beyond the box.

“This partnership allows us to double down on our mission to simplify access to complex, high-growth markets and to power commerce both into and out of Asia through a single, scalable infrastructure,” said Peter Burridge, Chief Executive Officer of Nomupay.