JCB and Stripe Expand Partnership to Singapore, Hong Kongby Fintech News Singapore November 2, 2023
Japanese credit card company JCB International and Stripe, a financial infrastructure platform for businesses, are expanding their partnership to Singapore, Hong Kong, and Europe. This collaboration will allow JCB cardmembers in those regions to make online payments with Stripe merchants.
JCB and Stripe have been working together since 2017 to make it easier for businesses to accept JCB payments.
Their initial partnership was focused on the Japanese market, but they have since expanded to other regions, including the US, Canada, Australia, and New Zealand.
In August 2023, Stripe added JCB to its default payment scheme for merchants in the UK and Ireland.
In October 2023, Stripe did the same for merchants in other European countries, Singapore, and Hong Kong.
This expansion is expected to benefit both JCB cardmembers and Stripe merchants. JCB cardmembers will have more options for making online payments, and Stripe merchants will be able to reach a wider customer base.
Yoshiki Kaneko, President & CEO JCB International said,
“Stripe’s global presence and innovative technological solutions make them an ideal choice for e-commerce merchants who value secure and fast transactions.
Through this partnership, we believe we can offer an additional and valuable payment option to our cardmembers.”
Jeanne DeWitt Grosser, Global Head of Partnerships at Stripe said,
With today’s updates, JCB and Stripe are making it easier than ever for global businesses to sell to customers in Japan and across Asia.
We’re excited that our longstanding partnership with JCB continues to deliver new, tangible benefits to internet businesses and JCB cardmembers alike.”