The partnership will give both JCB and Concardis additional opportunities to serve their customer base. JCB will be able to offer additional payment methods, to expand card acceptance and to provide its card members with more convenience. Concardis will have a chance to enlarge its network, allowing retailers across Germany to potentially attract JCB's 111 million worldwide card member base and to extend JCB services to online transactions.

According to a Nielson report produced in 2016, Japan is the 4th largest e-commerce B2C market globally and by 2020, about 40% of all global card transactions will be from Asian markets. The spending power of JCB card members further re-enforces the importance of this key alliance.

Mr. Tsuyoshi Notani, Managing Director of JCB International (Europe) Ltd., said: "We are proud to expand JCB e-commerce acceptance through the Concardis multichannel platform Payengine, as it leads to more e-commerce retailers that JCB card members can shop at. Considering the huge growth and potential increment of e-commerce shopping and international travel, especially Asian card members travelling across Europe, we rely on partnerships with reputable associates like Concardis. JCB believes that this partnership will continue to contribute to the growth and development of its business in Germany".

Marcus W. Mosen, CEO of Concardis, adds: "We welcome the expansion of our partnership with JCB. After having already successfully introduced JCB to our merchants at the stationary point of sale, integrating JCB into our multichannel platform Payengine is the next logical step. I am convinced that our customers will gladly add one of the most important credit card brands worldwide to their payment portfolio."