Stripe, the world's largest provider of financial services and ecommerce software, announced expanded support for JCB, the leading card network in Japan.
JCB is now available on Stripe in 39 countries and territories, enabling businesses in these markets to easily accept payments from JCB's 154 million cardholders.
"Working with Stripe to expand our international reach and enable more ways for our cardmembers to pay is an obvious next step in deepening our partnership," said Yoshiki Kaneko, President and CEO of JCB.
"Stripe's global presence and innovative technology is ideal for merchants who value secure and fast transactions, as well as for our cardmembers, who want to pay with their favorite card wherever they are in the world," he added.
According to Stripe's website, the expanded partnership makes it easier for businesses around the world to reach clients in Japan, which is the fourth largest e-commerce market in the world. In addition, the expanded reach makes it easier for JCB cardholders who live or travel outside of Japan to shop online.
Stripe noted that it has previously facilitated JCB's rollout to leading industries in Japan, including new standards for automated onboarding and faster payment cycles for merchants. With these enhancements, businesses will be able to connect to JCB and begin accepting online payments in a matter of days, compared to weeks previously. Meanwhile, eligible businesses on Stripe's platform will be able to access JCB funds in their accounts within days (compared to the industry standard of one month).
"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," said Jean DeWitt Grosser, Global Head of Partnerships at Stripe.
Also read: PayPal receives FCA crypto license to operate in UK.
