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February 3, 2020

JCB joins forces with Oceanpayment for merchant acquiring operations

Hong-Kong payments services provider Oceanpayment has tied up with JCB International, a unit of Japanese card issuer JCB, to become the latter’s acquiring partner.

The two firms have entered into a licence agreement on the initiative.

JCB believes that its alliance with Oceanpayment will offer its cardmembers cross-border payment services in “more diverse consumption scenarios”.

Oceanpayment co-founder and EVP Lanny Yang said: “JCB’s global development is in line with Oceanpayment’s international expansion.

“We are glad for the partnership with JCB and believe we will create new opportunities and open new markets for our e-commerce clients together.”

Oceanpayment serves merchants across varied sectors including travel, entertainment, and retail, among others. The firm provides over 500 payment methods in 200 countries.

It has business entities in Shenzhen, Australia, America, Europe as well as Singapore.

JCB International (Asia) managing director Hirohiko Sugiyama said: “With the rapid growth of mobile payment and international travel in Asia, Oceanpayment’s flexible and multi-scenario payment solutions will better satisfy our cardholders’ consumption experience.”

The latest alliance comes shortly after JCB’s partnership with Danish payments firm Nets Group. The partnership will enable JCB payment acceptance by Nets merchants in Finland.

Initially, more than 18,000 Finish businesses will be able to accept JCB payments through the Nets Merchant Services platform.

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