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Expanding support for JCB payments

 3 years ago
source link: https://stripe.com/blog/jcb-expansion
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JCB is a credit card network with over 135 million cardholders worldwide and a particularly high share-of-wallet in Japan. We have made JCB acceptance available to more businesses and decreased payout times.

Businesses using Stripe in Japan can now automatically accept payments with JCB, in most cases without any additional work.

One step closer to ubiquity

Technology on the internet tends to be available everywhere. Payments do not work like this, yet, but we are one step closer.

We are rolling out JCB acceptance to businesses in more countries, starting with Canada, Australia, and New Zealand, with more to come. This lets global businesses, from e-commerce sites in Canada to subscription services in Australia, easily transact with JCB cardholders.

Stripe is live in 39 countries today. We want every payment method, and feature of the platform, to be available everywhere we do business. This helps bring businesses transacting online to global parity, and brings them closer to their customers, even when they are oceans apart. We will continue working to expand access to JCB acceptance.

No assembly required

Stripe was the first payments company to defer underwriting for most businesses, letting them get started taking payments without a lengthy application and review process.

We have extended this experience to JCB. The onboarding is automatic after a Stripe account is activated and, in most cases, doesn’t require any additional steps from users.

The API call to charge a JCB card is identical to that for charging any other card, so users should not need to make any code changes to support these customers.

Tremendous opportunity for global businesses

E-commerce continues to expand rapidly in Japan, and cross-border e-commerce is increasing at an even faster second derivative. We have seen annualized growth rates of over 45% in international payments from users in Japan since 2018. This explosion in user demand is now addressable by global businesses using the same payment platform they use for other payments, without requiring any code changes or, in most cases, back office work.

Infrastructure bridges gaps between nations. Fittingly, this engineering work was also done by teams spanning the globe, led by our engineers in Singapore and Tokyo. We will have more products built with local sensibilities to share soon.


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