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Press Release
Published January 31, 2020
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JCB partners with Oceanpayment for merchant acquiring business

Date: January 31, 2020
Categories: Financial Technology, retail

JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Oceanpayment Co., Ltd., China's leading cross-border payment brand, announced that they signed a licence agreement to start the JCB merchant acquiring business.

In order to strengthen the cooperative relationship, Hirohiko Sugiyama, managing director of JCB International (Asia) Ltd., and Lanny Yang, co-founder and EVP of Oceanpayment, made greetings in Hong Kong to announce the partnership.

As cross-border e-commerce continues to develop, merchants are looking for ways to grow their business and increase sales by accessing more customers all over the world. Oceanpayment, a global payment service provider offering more than 500 various payment methods in 200 countries and regions all over the world, works with merchants from travel, entertainment, retail, dining and many other industries, helping businesses offer their customers preferable payment methods.

JCB has more than 136.1 million card members and about 33 million merchants as of September 2019. The partnership with JCB enables Oceanpayment to become JCB's acquiring partner to provide cross-border payment services for JCB's global card members in more diverse consumption scenarios.

Sugiyama said, "With the rapid growth of mobile payment and international travel in Asia, Oceanpayment's flexible and multi-scenario payment solutions will better satisfy our cardholders' consumption experience. So it's a pleasure for us to sign the licence agreement with Oceanpayment, and we believe this partnership will contribute to the development of our acquiring business."

"JCB's global development is in line with Oceanpayment's international expansion. We are glad for the partnership with JCB and believe we will create new opportunities and open new markets for our e-commerce clients together," added Lanny Yang.

Re-disseminated by The Asian Banker