Merchant Solutions, the acquiring joint venture between global electronic payments processor First Data and Standard Chartered Bank, has signed an agreement to initiate merchant acquiring for JCB, a Japan-based global payment brand.
It has claimed that the agreement spans eight markets in Asia and will enable JCB card members to use their cards at thousands of purchase points in Hong Kong, Macau, China, Singapore, Malaysia, Brunei, Bangladesh and Sri Lanka.
It has added that Merchant Solutions enable merchants to accept Visa, MasterCard and China UnionPay branded cards in many of these markets, and they will now be able to capture more business as JCB cardholders travel across Asia.
Sean Hesh, CEO and managing director of Merchant Solutions, said: “This arrangement delivers improved merchant coverage for JCB card members and increases payment options for our merchants, helping to drive their sales volumes.”
Kubo Masayuki, managing director, JCB International (Asia), said: “With Merchant Solutions, our card members travelling across these Asian markets will be able to enjoy greater convenience than ever before.”
