Japanese JCB International Expanded partnership with Canadian payment company Nubei.
This will enable businesses in Singapore and Hong Kong to accept JCB credit and debit card payments through Nuvei’s platform.
The partnership will enable merchants integrated with Nuvei to accept payments from JCB’s 158 million cardholders.
This expansion further builds on existing collaborations in Europe and strengthens Nuvei’s presence in the Asia-Pacific e-commerce market.
Nuvei is a fully licensed local direct acquirer in Singapore and Hong Kong, and has recently obtained a Major Payment Institution license in Singapore.
The company’s modular payments platform connects clients and customers in more than 200 markets, supports 716 alternative payment methods, and offers acquiring in more than 50 markets.
Yuko Michishita, Managing Director, JCB International Asia Pacific, said:
“From 2021 to 2022, JCB nearly doubled its e-commerce transaction volume in Singapore. While East Asia is our traditional stronghold, our ASEAN card base grew from 2018 to 2023 by 132 Nuvei’s recent expansion into Singapore and Hong Kong complements JCB’s long-term growth strategy, with the two companies working closely together. We are confident that we will be able to achieve significant sales volume.”
Philippe Feyer, Chairman and CEO of Nuvei, added:
“Expanding our partnership with JCB to Singapore and Hong Kong strengthens our service offering for businesses in strategic markets in Asia Pacific, providing comprehensive payment solutions that drive growth for our clients around the world. Our efforts are proven.”
