Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Cafe24 Signs Mou With Softbank for Providing Payment Services to Its Consumers

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Cafe24 signed a memorandum of understanding today with SoftBank Payment Service ( a subsidiary unit of Japanese Conglomerate SoftBank), aiming toward a strategic expansion in Japan. The company stated that this crucial collaboration would enable Cafe24 to open up new avenues such as SBPS payment services which include credit card payments and mobile convenience stores for the Japanese consumer base who do online shopping from online shopping malls on Cafe24 solutions.

Shortly after Cafe24 makes its KOSDAQ debut later this month, it is all set to focus on Japan as the first target country for its global expansion.

“Cafe24 will continue to expand partnerships with key global companies that possess the technical expertise necessary for providing optimized local services in various countries,” stated Lee Jae-suk, the CEO of Cafe24.

Following their mutual partnership, these two major companies will also share their business and marketing strategies and know-how from now on to offer the Japanese consumer base quality services attuned to local shopping patterns and preferences of local consumer behavior based on targeted market research.

This business tie-up is expected to exponentially boost the sales of Cafe24’s services, considering the substantial size of the Japanese market. Back in 2016, as per Japan’s Ministry of Economy, Trade and Industry, Japan’s B2C eCommerce expenditure amounted to 15.2 trillion yen (US$135 billion). This partnership move by the well-known eCommerce platform Cafe24 will significantly help the Korean local firms gain a foothold in the global eCommerce market, providing the store owners comfortable and convenient selling methods while offering its global customer base a hassle-free and speedy e-shopping experience.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic