Worldpay, the global eCommerce platform of FIS, has joined forces with card company JCB to tap into the booming eCommerce market of Japan.
The agreement will allow enterprise merchants in Japan that process payments through Worldpay to accept JCB cards.
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FIS, which acquired Worldpay for $43bn in July, said that Worldpay merchants selling online in Japan will now be able to accept more types of card payments through a single integration rather than multiple third-party contracts.
JCB head of acquiring sales and marketing – partner relations Yutaka Nakazawa said: “As we always seek ways to improve customer experiences among JCB card members worldwide, partnering with a global e-commerce payments leader as Worldpay gives us wider exposure to the e-commerce firms doing business in Japan and international markets.
“By driving broader payments acceptance among e-commerce merchants, JCB stands to become the preferred method of payment as consumers shift to buying goods and services online.”
According to a report published by GlobalData, the Japanese e-commerce market, which worth approximately JPY17.9 trillion ($162.8bn) in 2018, is predicted to grow 28% by 2022.
Worldpay has been extending supports to JCB’s merchant acquiring operations across the globe since the 1990s.
FIS president of Worldpay Merchant Solutions Mark Heimbouch stated: “Japan’s e-commerce market is set to be a powerhouse of growth over the next few years and being able to offer businesses a broad portfolio of card brands is key to merchant success in the region.
“We are committed to delivering modern, leading-edge solutions in Japan and around the globe to help merchants run their operations more cost-effectively, connect with customers in more meaningful ways, and grow their businesses.”
