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Merchant Solutions closes acquiring deal with JCB International

Thursday 16 July 2009 09:55 CET | News

Merchant Solutions, a joint venture between electronic payments processor First Data and Standard Chartered Bank, has signed a contract for merchant acquiring for Japan-based credit card brand JCB International.

Under the terms of the agreement, JCB card members will be able to use their cards at purchase points in eight Asian countries, including Hong Kong, Macau, China, Singapore, Malaysia, Brunei, Bangladesh and Sri Lanka. Merchant Solutions currently allows merchants to accept Visa, MasterCard and China UnionPay branded cards in some of these markets. Statistics released by the Japan National Tourist Organisation (JNTO) indicate that almost 1.3 million Japanese travelers visited Hong Kong during 2008, spending HKD 3.5 billion, according to the Hong Kong Tourism board.


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Keywords: Merchant Solutions, JCB International, electronic payments, credit card, Visa, MasterCard, China UnionPay
Categories: Payments & Commerce
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Countries: World
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