iCard is the acquirer of the transactions behind the myPOS Service and the combined deal facilitates the acceptance of JCB's branded contactless payment solutions, JCB Contactless, with merchants across Europe.

JCB cardmembers will be able to pay for goods and services at merchants acquiring payments using myPOS contactless-enabled payment terminals with a tap of their card or smartphone. This is an important milestone for JCB's global contactless reach as the company drives acceptance coverage across the European Economic Area (EEA) and Switzerland for its 117 million JCB cardmembers.

Mr. Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., said: "This is a significant new partnership for JCB's advanced contactless payments solution as we look to partner with forward-thinking acquirers and PSPs to drive acceptance for cardmembers across Europe. Both iCard and myPOS are at the forefront of the industry and provide great value to merchants and consumers alike. The additional payment method this deal facilitates will create a streamlined payments experience for JCB cardmembers looking to use contactless to enhance the shopping experience."

Mr. Yavor Petrov, CEO of iCard said, "The rise of contactless payments has come - contactless acceptance widens every day with more and more merchants being equipped with contactless-enabled POS terminals and with the growing popularity of contactless payments, wearables and digital wallets among end consumers. People are becoming particularly sensitive about their time and convenience. With these trends in the spotlight, iCard and JCB are on the crest of the wave launching JCB's contactless acceptance in Europe."