Japanese firm JCB has selected FIS’ Payments One switching and acquiring services to drive acceptance of cross-border QR payments.

The collaboration will enable FIS partner banks to offer JCB QR Code Payment methods to clients.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The Payments One switching and acquiring services is customisable for different device and payment types.

Initially, the plan involves utilises the FIS platform to enable QR payments between Vietnam and Thailand. Gradually, the service will be rolled out across the Asia-Pacific region.

JCB Global Network Implementation Department executive vice-president Kenta Seya said: “Improving the customer experience across the market is our number one goal.

“By creating a cross-border solution, we look forward to creating a more consistent experience for JCB card members as they travel, allowing them to pay using their preferred method, no matter where they go.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Working with FIS will give us the broad reach to their partner banks globally to achieve the goal.”

The partnership comes at a time when the use of digital wallet for making purchases is increasing. According to the Worldpay from FIS 2020 Global Payments Report, digital wallets now account for 58% of regional eCommerce purchases. The figure is expected to touch 70% by 2023.

FIS managing director Mahesh Ramamoorthy said: “By integrating QR payments for JCB cardholders through our Payments One switching and acquiring services platform, our partner banks will now have a way to deliver QR-based payments faster than before.”

Last week, Worldpay from FIS introduced Fraud Freedom service.