JACKSONVILLE, Fla .– (COMMERCIAL THREAD) –FIS™ (NYSE: FIS) today announced an agreement with JCB, the leading issuer and acquirer in Japan and a global payments network. Worldpay, FIS’s global e-commerce platform, will allow businesses operating in Japan to accept JCB card payments. With this agreement, Worldpay now provides a complete e-commerce solution for corporate merchants operating in Japan.
Worldpay merchants selling online in Japan will now be able to streamline their payment technology and regulations by accepting more types of card payments through a single integration rather than multiple third-party contracts.
The e-commerce market in Japan is growing rapidly. With an estimated value of 17.9 trillion yen ($ 162.8 billion) in 2018, the market is expected to grow 28% by 2022.1 as local and international retailers expand their online offerings in Japan. To win in a booming market, merchants operating in Japan can expand their payment portfolio to give consumers the flexibility to pay the way they prefer.
Worldpay has supported JCB’s merchant acquisition activities internationally since the 1990s.
“As we are always looking for ways to improve the customer experience among JCB cardholders around the world, our partnership with a global leader in e-commerce payments like Worldpay gives us greater visibility into e-commerce companies doing business. of doing business in Japan and in international markets, ”said Yutaka Nakazawa, Executive Vice President, Head of Sales and Marketing Acquisition – Partner Relations, JCB Co., Ltd. “By promoting wider acceptance of payments among e-commerce merchants, JCB is poised to become the preferred payment method as consumers turn to purchasing goods and services online.
“The Japanese e-commerce market is expected to be a growth engine over the next few years and being able to offer businesses a broad portfolio of card brands is key to the success of merchants in the region, ”said Mark Heimbouch, president of Worldpay Merchant Solutions, FIS. “We are committed to providing modern, cutting-edge solutions in Japan and around the world to help merchants run their operations more profitably, connect with customers more meaningfully, and grow their businesses.
About the FIS
FIS is a leading provider of technology solutions for traders, banks and capital markets companies globally. Our 55,000 employees are dedicated to advancing the way the world pays, finances and invests by applying our scale, deep expertise and data-driven knowledge. We help our customers use technology in innovative ways to solve critical challenges and deliver superior experiences to their customers. Based in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
JCB is a global payments brand and one of the leading credit card issuers and acquirers in Japan. JCB started its card business in Japan in 1961 and began to expand worldwide in 1981. Its acceptance network includes approximately 30 million merchants as well as cash advance agencies around the world. JCB cards are now issued in 24 countries and territories, with more than 130 million cardholders. As a full-service provider of payment solutions, JCB is committed to providing responsive, high-quality product and service to all customers around the world. For more information, please visit: www.global.jcb/en/
1 GlobalData. “Cards and payments in Japan: opportunities and risks until 2022.