JCB International and Nuvei Partner to Expand Global Payment Acceptance

JCB International Co., Ltd. has teamed up with Nuvei to increase the reach of its cardmember community across the globe. The partnership will enable JCB’s cardmembers to use their cards at Nuvei’s network of 50,000 merchants across various industries, including social media, luxury retail, travel, and entertainment. Nuvei’s flexible payment platform offers merchants the ability to capture every payment opportunity, enhance acceptance rates, and lower operating costs. This collaboration will open up new avenues for Nuvei’s merchant community to offer comprehensive payment acceptance and enhance sales opportunities worldwide.

Additionally, Nuvei will offer J/Secure(TM) 2.0, JCB’s cardmember authentication program that meets the EMV(R) 3-D Secure Protocol and Core Functions Specification, to prevent fraudulent activities. J/Secure(TM) 2.0 is supported by major global suppliers of 3DS Server and ACS and is expanding globally. It provides more opportunities for JCB acquirers and issuers to conduct secure e-commerce transactions while enhancing the customer experience and lowering cart abandonment. Frictionless Flow is a risk-based authentication approach that allows for richer data exchanges and additional data sharing during online transactions, eliminating the need for customers to enter additional information such as a password.

The partnership is the most recent development in JCB’s push to expand its global acceptance and bring secure payments to the fast-growing sector of online sales ecommerce. The global ecommerce market is predicted to account for more than 22% of total retail sales and reach $6.169 trillion by 2023, making the partnership with Nuvei a perfect platform for further growth.

Ray Shinzawa, Managing Director for JCB International (Europe) Ltd., said that the collaboration was an exciting moment for JCB in expanding global acceptance for its cardmembers. He expressed his pleasure at partnering with an innovative brand in the payments space and anticipated bringing seamless and secure online payments to Nuvei’s merchant ecosystem and JCB’s loyal cardmembers.

Yuval Ziv, President at Nuvei, described the partnership with JCB as a testament to Nuvei’s commitment to accelerating merchant businesses through innovative payment solutions that promise frictionless and secure payment experiences for their customers. Ziv was optimistic about the partnership’s future and the development of their global acceptance journey.

In conclusion, JCB’s collaboration with Nuvei will provide a compelling offering for its cardmember community’s global spenders and new opportunities for Nuvei’s merchant community to offer comprehensive payment acceptance and greater sales opportunities worldwide. J/Secure(TM) 2.0’s inclusion will ensure secure e-commerce transactions while enhancing the customer experience, lowering cart abandonment through frictionless flow. This partnership offers an exciting platform for further expansion and growth in the growing ecommerce market.