SPAYZ.io, a leading global provider of payment solutions, has announced a launch of new payment services to facilitate transactions in Nigeria, Japan and the Philippines.
This launch is part of SPAZY.io’s strategic commitment to offer its merchants and partners access to high-growth jurisdictions through innovative and reliable financial solutions.
In Nigeria, SPAYZ.io now provides bank transfer services for both pay-in and payout transactions. The provision of bank transfer services will be the first of many new expansions into the region, with SPAYZ.io seeking to take advantage of the growth potential on offer in Africa’s fastest growing economies. The total transaction value in digital payments in Africa is projected to total $236.1 billion in 2025, and $611.20 billion by 2029. This is being fuelled by technological accessibility driven by the widespread adoption of smartphones and improved internet access, evolving regulatory environments, and the availability of modern payment solutions.
Similarly, SPAYZ.io has introduced bank transfer services for pay-in and payout transactions in Japan. As an established, advanced economy, Japan is one of the most sought-after geographies for merchants. However, they must navigate stringent regulations because of a highly compliant market. Japan has also been a slow adopter of digital payments - in 2022, cashless payments represented 36% of all money transactions. This proportion is gradually increasing, with SPAYZ.io’s entry into the Japanese market demonstrates its dedication to fostering growth and delivering value in a highly regulated environment.
Finally in the Philippines, SPAYZ.io now offers services through GCash P2P, the country’s most popular digital wallet. While cash remains the most popular form of payment, the Philippines' central bank is actively encouraging the adoption of digital payments through financial inclusion initiatives. These efforts will facilitate the country’s transition to online payments. SPAYZ.io’s use of GCash P2P is a significant move that supports this transformation, opening merchants to new opportunities in the country.
"At SPAYZ.io, we’re always seeking new opportunities to help our merchants connect with digitally empowered consumers across the globe," said XXX, XXXX at SPAYZ.io. "Our mission is to stay ahead of emerging market trends, ensuring our merchants can meet the evolving payment preferences of their customers. That’s why we are thrilled to announce our latest payment integrations in Nigeria and the Philippines, which are just the first steps in a broader strategy to build stronger payment networks in Africa and Asia throughout 2025."
He continued, "But it's not just about emerging markets. Established economies still hold untapped potential, and we're focused on unlocking new value for our merchants in these regions too. A prime example is the launch of our bank transfer services in Japan, ensuring our partners can navigate a traditionally complex market. We look forward to providing updates of a similar nature in the coming months.”