With this agreement in place, JCB and CardPay will develop connectivity during Q3'17 and target to go live during Q4'17.

JCBI's acquiring strategy is to aggressively increase its acceptance footprint across the SEPA region by expanding its merchant acceptance network, including the e-commerce channel. Currently JCB cards are accepted at merchants worldwide. This important partnership between JCB and CardPay will give CardPay's clients the potential to attract over 100 million JCB cardmembers to their businesses creating new customers and sales at their websites. CardPay is a European leader in the e-commerce payment and transactional services industry and is active in e-commerce merchant acquiring and card issuing services. As a European leading payment service provider, CardPay delivers bespoke simplified and secure online card payment solutions via a state of the art secure platform to its customers.

Mr. Tsuyoshi Notani, Managing Director of JCB International (Europe) Ltd, said, "We are delighted to sign this License Agreement for JCB e-commerce acquiring with CardPay. We are both aiming to capture the growth in crossborder e-commerce generated by Asian consumers. This is a great opportunity to give JCB cardmembers greater freedom to spend in more e-commerce retailers across Europe than ever before."

Mr. Stanislav Podolyanchuk, Head of Acquiring and Issuing of CardPay, said, "We at CardPay are proud to join the JCB scheme and offer their payment solutions to our e-commerce clients. There is a constantly growing demand for JCB acceptance by European merchants and our cooperation with JCB will provide e-commerce merchants with a bespoke instrument for increasing online sales and expanding our clients' base".