Stripe expands support for card network JCB
Financial infrastructure platform Stripe has announced expanded support for JCB, a leading card network in Japan.
JCB is now available on Stripe in 39 countries and territories, making it easy for businesses in those markets to accept payments from 154 million JCB 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 International Co. Ltd. “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.”
The expanded partnership makes it easier for businesses worldwide to reach customers in Japan, which is the fourth-largest ecommerce market in the world. The expanded coverage also makes it easier for JCB cardmembers living or traveling outside Japan to complete purchases online.
Today’s announcement deepens the strategic partnership between Stripe and JCB. Most recently, Stripe powered JCB’s addition of industry-leading features in Japan, including new standards for automated onboarding and faster payout cycles for merchants.
Following these enhancements, businesses can onboard and begin accepting online payments with JCB in just a few days, compared to weeks previously, and eligible Stripe-powered businesses can access JCB funds in their accounts in a matter of 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 Jeanne DeWitt Grosser, global head of partnerships at Stripe. “We’re excited that our longstanding partnership with JCB continues to deliver new, tangible benefits to internet businesses and JCB cardmembers alike.”