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As a well-known global payment solutions provider, Xsolla always strives to open up new possibilities for how people pay for digital goods worldwide. Recently, the company has expanded its reach in Asia beyond its established base in South Korea.
This move marks a significant change in the online payment landscape, as it puts us in competition with the existing giants of digital marketplaces, Google Play Store and Apple's App Store. Jayden Lee, Senior VP of Xsolla for the Asia Pacific region, shed light on this ambitious growth plan in a detailed conversation with ZDNET.
This expansion signifies more than a geographical spread. It represents a continued diversification of our service offerings, with online store solutions like Web Shop, funding mechanisms, and cloud gaming initiatives. Xsolla was already a significant player, supporting approximately 700 local payment methods worldwide, but now we're venturing into new territories, including Japan, Thailand, the Philippines, Vietnam, Australia, and New Zealand.
Lee's journey from the Director of Xsolla Korea to the Senior VP of the APAC region has been marked by significant achievements. He's revolutionized the third-party payment process and earned accolades for his innovative approach. His vision for Xsolla in the APAC region goes beyond mere business expansion. He wants to create a robust ecosystem that supports and fosters the growth of the gaming industry in these diverse markets.
Under Lee's guidance, Xsolla's expansion strategy is multifaceted. We want to go above and beyond to understand what gamers in each Asian country want and need. That will help us offer the best services possible and become a significant force in the region's gaming market. To that end, the company is setting up regional subsidiaries and offices and investing in local talent and resources, including creating a state-of-the-art R&D center in Malaysia and strategic business hubs in Japan, Singapore, and India.
Last year, Xsolla set its sights on Japan and Korea. Even though things were tough in Japan due to the pandemic, they made significant progress by opening a local office and building meaningful partnerships. Lee says Japan is essential to their future, and the deals they closed there in 2023 will pave the way for even more growth. In Korea, where the gaming market is well-established, Xsolla wants to become even more deeply involved to strengthen its overall business and set the stage for further expansion.
Xsolla's approach to the APAC market is not just about expansion but also about embracing cutting-edge trends. Lee sees enormous potential in B2C online web stores, blockchain NFTs, and cloud gaming. In particular, Xsolla's Web Shop solution is gaining traction, offering a viable alternative to traditional business models and giving developers a new way to make money beyond the usual app stores. Xsolla also leads the charge in blockchain and NFTs, building tools for paying with virtual assets and helping game companies offer them. Lee's understanding of the play-to-earn games trend and partnerships with companies like Crypto.com shows just how serious Xsolla is about staying ahead of the curve in gaming.
Our expansion into the APAC region under Jayden Lee's leadership marks a new chapter in the company's history. Xsolla is poised to become a major force in the region's gaming industry with a clear focus on local markets, innovative solutions, and strategic partnerships. As the industry evolves, Xsolla's adaptive and forward-thinking approach will undoubtedly play a significant role in shaping the future of gaming in Asia Pacific.
For more information on all our innovative solutions in APAC and worldwide, visit our website at xsolla.com or book a meeting with an expert from our team.
As a well-known global payment solutions provider, Xsolla always strives to open up new possibilities for how people pay for digital goods worldwide. Recently, the company has expanded its reach in Asia beyond its established base in South Korea.
This move marks a significant change in the online payment landscape, as it puts us in competition with the existing giants of digital marketplaces, Google Play Store and Apple's App Store. Jayden Lee, Senior VP of Xsolla for the Asia Pacific region, shed light on this ambitious growth plan in a detailed conversation with ZDNET.
This expansion signifies more than a geographical spread. It represents a continued diversification of our service offerings, with online store solutions like Web Shop, funding mechanisms, and cloud gaming initiatives. Xsolla was already a significant player, supporting approximately 700 local payment methods worldwide, but now we're venturing into new territories, including Japan, Thailand, the Philippines, Vietnam, Australia, and New Zealand.
Lee's journey from the Director of Xsolla Korea to the Senior VP of the APAC region has been marked by significant achievements. He's revolutionized the third-party payment process and earned accolades for his innovative approach. His vision for Xsolla in the APAC region goes beyond mere business expansion. He wants to create a robust ecosystem that supports and fosters the growth of the gaming industry in these diverse markets.
Under Lee's guidance, Xsolla's expansion strategy is multifaceted. We want to go above and beyond to understand what gamers in each Asian country want and need. That will help us offer the best services possible and become a significant force in the region's gaming market. To that end, the company is setting up regional subsidiaries and offices and investing in local talent and resources, including creating a state-of-the-art R&D center in Malaysia and strategic business hubs in Japan, Singapore, and India.
Last year, Xsolla set its sights on Japan and Korea. Even though things were tough in Japan due to the pandemic, they made significant progress by opening a local office and building meaningful partnerships. Lee says Japan is essential to their future, and the deals they closed there in 2023 will pave the way for even more growth. In Korea, where the gaming market is well-established, Xsolla wants to become even more deeply involved to strengthen its overall business and set the stage for further expansion.
Xsolla's approach to the APAC market is not just about expansion but also about embracing cutting-edge trends. Lee sees enormous potential in B2C online web stores, blockchain NFTs, and cloud gaming. In particular, Xsolla's Web Shop solution is gaining traction, offering a viable alternative to traditional business models and giving developers a new way to make money beyond the usual app stores. Xsolla also leads the charge in blockchain and NFTs, building tools for paying with virtual assets and helping game companies offer them. Lee's understanding of the play-to-earn games trend and partnerships with companies like Crypto.com shows just how serious Xsolla is about staying ahead of the curve in gaming.
Our expansion into the APAC region under Jayden Lee's leadership marks a new chapter in the company's history. Xsolla is poised to become a major force in the region's gaming industry with a clear focus on local markets, innovative solutions, and strategic partnerships. As the industry evolves, Xsolla's adaptive and forward-thinking approach will undoubtedly play a significant role in shaping the future of gaming in Asia Pacific.
For more information on all our innovative solutions in APAC and worldwide, visit our website at xsolla.com or book a meeting with an expert from our team.
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