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December 21, 2018

JCB International rolls out new QR Code Payment service

JCB International, a subsidiary of Japanese card company JCB, has introduced the EMV standardised QR Code Payment service that will enable its cardholders to make payments by scanning the QR Code at the merchant point-of-sale using their mobile phone.

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The new payment solution has currently been rolled out in Taiwan as well as Vietnam.

Plans are on to expand the reach of the service to three additional countries in Asia next year.

In Taiwan, the service will be supported by Bank SinoPac. From next year, the lender will make the service available for merchants in fish markets, flower markets and taxis, among others.

Bank SinoPac intends to gradually expand the merchant base for the service to over 3,000.

In Vietnam, the mobile payment service will be supported by Sacombank.

JCB cardholders can opt for JCB Card as a source of fund for the bank’s mobile banking app Sacombank Pay. More than 2,000 merchants in the country can avail the QR Code payment service from 28 December 2018.

JCB executive vice president, business development and coordination headquarters I Daisuke Sakurai said: “We hope that JCB QR Code Payment service will not only help create a new payment mode/interface, but also become a strong tool to realise the cashless society.”

 

 

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img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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