JCB International Co., Ltd., the international operations subsidiary of JCB Co. Ltd, has entered into an agreement with MoneyNetINT Ltd, the global foreign exchange and international payments company, to process JCB transactions for MoneyNetINT e-commerce merchants situated in the Single Euro Payments Area (SEPA).
Having recently expanded its market to China, supporting money transfer in Yuan and US dollars to Chinese bank accounts and cash payments, this partnership will allow merchants that use MoneyNetINT’s innovative platform to attract JCB’s 106 million cardmembers in Asia and worldwide to their websites and generate new sales. This deal forms part of JCB’s strategy to increase its acceptance footprint across Europe by partnering with disruptive payment service providers (PSPs) to accommodate the growing Asian e-commerce market potential. Systems integration will commence during Q4’17, ready to go live during Q1’18.
Mr. Tsuyoshi Notani, Managing Director of JCB International (Europe) Ltd, said, "Not only is MoneyNetINT’s dedication to personal and efficient customer service in line with our ethos, the fact that it is enhancing the traditional bank acquiring space by offering a range of highly advanced, reliable and simple solutions for merchants makes it an ideal PSP partner for JCB as we grow our network across Europe. As a gateway to Asia, we can bolster MoneyNetINT’s offering to its SEPA-based merchant clients with the ability to engage with the growing number of Asian consumers who enjoy shopping online.”
Mr. Yishay Trif, CEO at MoneyNetINT, said, “We're thrilled to announce the launch of this agreement between MoneyNetINT and JCB, a leading international payment brand. We believe together we can produce real added value for our customers, and advance financial services and technologies worldwide.”