Latest news with #Sourcenext
Yahoo
23-04-2025
- Business
- Yahoo
Stripe unveils payments updates for Japanese market
Stripe has rolled out several enhancements to its payment platform, focusing on supporting businesses within Japan and those seeking to enter the Japanese market. The updates include the integration of new payment methods, accelerated payout processes, and tools to navigate Japan's recent 3D Secure mandate for online credit card payments. Businesses operating in Japan can now utilise PayPay for online transactions, tapping into its user base of over 68 million. PayPay CEO Toshifumi Kasakawa said: "I am delighted to announce our partnership with Stripe, a company with a strong global track record in online payments. Businesses on Stripe can now offer PayPay's code-based payments to their customers, ensuring a secure and effortless payment experience. 'PayPay uniquely connects with younger users who might not have access to credit cards. We welcome businesses to explore the potential benefits of integrating PayPay into their platforms.' Besides, Stripe has reduced the waiting period from monthly to four business days for PayPay transactions. The payment processor also introduced the option for businesses to offer card instalments, allowing customers to split their payments into smaller amounts over time. In response to Japan's new 3D Secure mandate, which became compulsory for online credit card payments as of the end of March 2025, Stripe has optimised its platform to minimise checkout friction. The system selectively applies exemptions and prompts authentication only when necessary, aiming to prevent the rejection of legitimate transactions. This strategy, in conjunction with Stripe's fraud prevention system, Radar, has been instrumental for companies such as Sourcenext in boosting conversion rates while complying with regulatory requirements. Furthermore, Stripe now supports network tokens, enhancing the security of card payments. Stripe collaborates with Japanese companies, including Toyota, Nikkei, ANA Group, and Tokyu, as well as global firms such as X, Shopify, Uber, and Atlassian. The company made headlines in January this year for workforce reduction of 300, primarily from the product, engineering, and operations sectors. Nevertheless, Stripe's chief people officer Rob McIntosh confirmed the company's goal to increase its headcount by 10,000 by the year's end. "Stripe unveils payments updates for Japanese market " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
09-04-2025
- Business
- Bloomberg
Japan Device Maker Picks Vietnam to Avoid US Tariffs on China
Japanese electronics maker Sourcenext Corp. plans to set up a new manufacturing base in Vietnam, avoiding the US's punishing tariffs on China, the company announced Wednesday. Tokyo-based Sourcenext manufactures its pocket-sized translation device Pocketalk in Shenzhen, China. Its new production base in Vietnam is designed to 'minimize the impact of tariff measures and maintain appropriate pricing,' the company said in a press release.
