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Friday, 15 September 2017, 14:00 HKT/SGT
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Source: JCB / Adyen
JCB International and Adyen sign global acquiring agreement, as extension to the existing SEPA agreement

Tokyo, London, Amsterdam and Singapore, Sept 15, 2017 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd, and Adyen, the payments platform of choice for the world's leading companies, are pleased to announce the signing of an extension to the original License Agreement. This will lead to global JCB merchant acquiring for e-commerce, and for POS in Singapore and HK. Furthermore, for e-commerce it will be possible to process all currencies and settle in the major currencies - among them: SGD, USD, JPY, HKD, EUR, GBP.

This global partnership further advances Adyen's strategy of providing its merchants a direct and seamless connection via any device to the major card payment schemes around the world, bringing a greater range of options for its clients and JCB's cardmembers globally.

Adyen is one of the few global acquirers to offer straight access to all major card networks. The new extension further strengthens Adyen's status as omnichannel acquirer.

Tsuyoshi Notani, Managing Director of JCB International (Europe) Ltd., commented: "We are extremely pleased to provide Adyen the additional functionality to enable our cardmembers access to the key merchants across the world. Our continued partnership with a truly global partner is going from strength to strength, we are constantly aiming to grow both our cross border and local e-commerce including In-App mobile payment footprint generated by Asian consumers and this is a fantastic opportunity to give JCB cardmembers greater freedom to spend in more retailers at omnichannel interfaces than ever before."

Warren Hayashi, President of Adyen Asia-Pacific said, "Adyen is proud to partner with JCB International to allow JCB cardmembers to enjoy a frictionless payments experience across borders. Adyen firmly believes that by meeting the distinctive payment preferences of consumers, brands would be able to create a personalized brand experience and instill brand loyalty."

About Adyen

Adyen is the payments platform of choice for the world's leading companies. The only provider of a modern end-to-end infrastructure connecting consumers' globally to their preferred payment methods, Adyen delivers frictionless payments across online, mobile, and in-store. With offices all around the world, Adyen serves more than 4,500 businesses, including 8 of the 10 largest U.S. Internet companies. Customers include Facebook, Uber, Netflix, Spotify and L'Oreal.

About JCB

JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide.

Note: Statistics about JCB are as of March 2017.
For more information, please visit: www.global.jcb/en/

Contact
JCB International Co., Ltd.
Kae Mitsuda
Global Business Planning
Tel: +81 3 5778 7963
Email: [email protected]

Topic: Press release summary
Sectors: Cards/Payments, Retail/eCommerce
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