JCB International has expanded its existing partnership with Concardis
By Joy Dumasia
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has expanded its existing partnership with Concardis as part of the Nets/Nexi Group, one of Europe’s leading paytech providers, to enable JCB Contactless acceptance at several thousands of merchants in Germany, Austria, and Switzerland. Concardis and the entire Nets/Nexi Group and JCB share a common goal to make payments simple.
Rollout has already begun with merchants with Concardis terminals in the travel and entertainment sectors such as hotels, shopping, and popular restaurants. This acceptance includes JCB Contactless. JCB Contactless enables JCB Cardmembers to perform secure and fast contactless payments simply by holding their JCB Card or JCB-Card-enabled smartphone or other devices over a point of sale (POS) terminal. JCB Contactless is based on the global chip standard ‘EMV(R),’ offering a higher level of security.
The JCB logo is widely recognised, so when displayed at point-of-sale, brands can differentiate themselves from competitors by offering JCB Cardmembers the option to transact with their payment network of choice, encouraging brand loyalty and repeat custom. JCB is accepted in 150 countries and regions globally, with about 39 million merchant partners and more than 140 million international Cardmembers, many of whom enjoy spending in bricks and mortar establishments across Europe.
Ray Shinzawa, Managing Director, JCB International (Europe) Ltd., comments: “Many of our Cardmembers are avid travellers who would like to maintain the ease of spending they have at home whilst abroad. We have an established partnership with the esteemed Concardis that we are excited to continue. Our expanded collaboration will empower our partners and merchants to offer better, more secure experiences to our loyal Cardmembers.”
Robert Hoffmann, CEO of Concardis and Nets Merchant Services, adds: “Our merchants across Germany, Austria, and Switzerland are looking forward to the return of international travel and welcoming back tourists. Of particular interest are, for example, those from Asia who enjoy travelling throughout Europe. This expanded partnership with JCB will provide our valued merchants with an even more seamless way to accommodate JCB’s over 140 million Cardmembers. We expect that this promising venture will continue to contribute to the growth and development of our respective services, providing a better and further reaching offer for existing and future JCB Cardmembers.”
IBS Intelligence reported that PingPong, a digital cross-border payment provider, recently entered a direct partnership with JCB, whereby its Hong Kong-based merchants will be able to receive online payments from JCB cardholders worldwide.
IBSi Daily News Analysis
November 29, 2023
How Financial Cybersecurity landscape will evolve in 2024 with banking Trojans and direct payment attacksRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage