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.
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.”