19 January 2018
visit www.ebaday.com

JCB International inks alliance with Taiwanese mobile payments outfit TWMP

31 October 2017  |  1542 views  |  0 Source: JCB International

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd, the only international payment brand based in Japan has concluded an agreement with Taiwan Mobile Payment Co. (TWMP), a major mobile payment service provider, to accept JCB Card in Taiwan Pay twallet+, an HCE mobile payment platform *1.

Both parties see business opportunities in Taiwan's mobile payment industry. TWMP has been strengthening its service in alliance with international card brands, and JCB aims to enhance the convenience of mobile payment. The JCB-TWMP partnership enables registration of JCB Card in Taiwan Pay twallet+ provided by TWMP, allowing mobile payment at J/Speedy*2 terminals. They are planning to provide services for general consumers in the first quarter of 2018.

Daisuke Sakurai, Executive Vice President, Business Development & Coordination Headquarters I, said: "This is the first time in the world that JCB's J/Speedy, a contactless payment solution, has been rolled out as an HCE mobile payment service. The reason why we chose Taiwan as the first market is because it is a very important market, and the contactless infrastructure is so well placed that mobile payment business can be expected to expand greatly. Nowadays, a myriad of diversified mobile payment services are out in the market, and JCB will also be phased in. We selected Taiwan Pay twallet+, a high quality service, which has already been adopted by many issuers, as our first partner. We would like to work to provide this payment solution to many consumers in Taiwan in collaboration with TWMP and issuing banks."

TWMP Chairperson Yang-Ching Chao said: "We are delighted that JCB, the major payment brand, selected Taiwan Pay mobile payment as the first JCB HCE mobile payment service in the world. The Taiwan credit card issuing banks will be able to serve their JCB cardholders with Taiwan Pay. Taiwan Pay is now the only platform to provide mobile payment service with 3 major payment brands, JCB, Visa and Mastercard in Taiwan. We will do our best to provide convenience and secure mobile payment service to our customers."

*1 HCE mobile payment: Mobile payment using HCE (Host Card Emulation) by storing card information in the cloud and using NFC, the near field communication international standard. HCE mobiles can be used at J/Speedy merchants.
*2 J/Speedy: JCB brand contactless payment solution that is compliant with NFC and EMV(R) Contactless Communication Protocol Specifications. (EMV(R) is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo.) 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11330 views comments | 32 tweets | 38 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10362 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9967 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9430 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8525 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job