RuPay-JCB cards to accelerate cashless payment in Malaysia & South-East Asia (SEA)

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RuPay-JCB cards to accelerate cashless payment in Malaysia & South-East Asia (SEA):

Soft Space partners with Japan’s JCB Card to accelerate cashless payment in Malaysia and SEA

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FINTECH player, Soft Space Sdn Bhd has partnered with Japan’s only international payment brand, JCB Co.

This strategic partnership involves a combination of US$5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space’s fintech-as-a-service business model, technology and regulatory knowhow, and JCB’s global recognition, vast alliances and brand reach, the company said in a statement today.

“This is part of the first tranche of funding on the horizon for Soft Space with other investments to follow in the future.

The partnership also demonstrates the confidence JCB has in Soft Space’s management, technology portfolio and execution strategy in today’s highly competitive fintech industry,” Softspace added.

JCB owns and operates one of the largest payment schemes in Japan supporting about 37 million merchants and 140 million card members around the world, by capitalising on Asia’s economic growth.

Backed by these assets, JCB will expand the brand globally by leveraging its strength in Asia – especially in Southeast Asia (SEA) – to become a competitive brand preferred by Japanese and international cardmembers.

JCB established its Business Enhancement and Creation Department in Singapore last June to seek business opportunities within the region.

Soft Space also aims to harness synergies between the two parties and includes the expansion of JCB’s merchant network, the establishment of card issuing solutions, and the provision of customer marketing solutions.

Other collaborative areas include enhanced merchant acceptance, mobility-as-a-service (MaaS) and transit; payment gateways; cards-as-a-service (CaaS); white label services, API platform services and technical support services.

Both Soft Space and JCB are committed to accelerating cashless payment both in Malaysia and SEA by utilising competitive and advanced fintech technologies, thereby establishing a link between Japanese consumers to SEA.

“Being JCB’s first investee in Malaysia assures us that we are on track to develop financial solutions that will fortify payment acceptance between Japan and SEA, and benefit both regions when borders open up again.

This bridge between our regions will also serve as a roadmap for us to enter other regions globally in the future,” said CEO of Soft Space Joel Tay.

Soft Space product offerings that spans across white-label e-wallet solutions to its flagship Tap to Phone technology, which is the world’s first SoftPOS solution to support secure PIN entry.

The solution has received endorsements from major card schemes such as Visa, UnionPay International, Mastercard and Malaysia’s MyDebit, and has been deployed in some of the largest financial service institutions and corporate enterprises in the Middle East, North America, Europe, and Asia Pacific.

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“What is RuPay-JCB International Card ?”

JCB (Japan Credit Bureau) is a credit card company based in Tokyo, Japan. It is accepted at JCB merchants, it has strategic alliances with Discover Network merchants in the United States, UnionPay merchants in China, American Express merchants in Canada, and RuPay merchants in India.

RuPay-JCB cards is accepted in more than 195 countries. Its card acceptance network includes about 37 million merchants around the world and has more than 140 million card holders.

India’s RuPay Card and Japan-based JCB International Card have launched RuPay-JCB Global Cards, which can be used at all point of sales (POS) terminals and E-com websites which accept RuPay cards and POS terminals/E-com websites outside India which accept JCB.

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RuPay-JCB Global Cards in India -

BOB, Yes Bank, Federal bank, Kotak bank, Union bank etc launch RuPay-JCB Global Credit Cards and more banks will soon launch RuPay-JCB Global Credit Cards in India.

Visit here more details about RuPay-JCB Global cards and which banks in India issue RuPay-JCB Global debit cards - https://www.desidime.com/deals/rupay-jcb-global...

All Asian Countries, European, Middle East, South/North American countries, Russia, Australia, New Zealand etc accept JCB Global cards, so you will never face any problem on RuPay-JCB Global cards acceptance worldwide.

If you want to know more about RuPay-JCB Global Card all alliance partner in other countries, visit here - https://www.global.jcb/en/press/index.html?cate...

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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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