JCB International, the international operations subsidiary of Japan’s sole international payment brand, has unveiled a License Agreement to start JCB merchant acquiring business with Oceanpayment, China’s cross-border payment brand.
The deal strengthens the cooperative relationship between the pair, with Hirohiko Sugiyama, Managing Director of JCB International (Asia) Ltd. and Lanny Yang, Co-Founder and EVP of Oceanpayment uniting in Hong Kong to announce the partnership.
As cross-border e-commerce continues to develop, merchants are looking for ways to grow their business and increase sales by accessing more customers all over the world.
Hirohiko Sugiyama, Managing Director, JCB International (Asia) Ltd., 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.
“So it’s a pleasure for us to sign the licensee agreement with Oceanpayment, and we believe this partnership will contribute to the development of our acquiring business.”
The partnership with JCB enables Oceanpayment to become JCB’s acquiring partner to provide cross-border payment services for JCB’s global cardmembers in more diverse consumption scenarios.
Lanny Yang, Co-Founder and EVP of Oceanpayment added: “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.”