JCB and Wex to issue virtual cards in Japan

  • Payments
  • 02.11.2018 07:36 am

JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., today announced a new partnership with WEX Inc. (NYSE:WEX), an industry-leading global provider of corporate payments solutions, to enable WEX virtual payments technology in Japan. 

The agreement makes WEX the first B to B issuer of JCB's virtual cards and enables new functionality on the JCB network. The program will launch in the second half of 2019.

"The JCB collaboration represents WEX's commitment to expanding our presence in the Asia market, and entering Japan is an exciting step for us," said Jay Dearborn, president of WEX Corporate Payments. "It is a continuation of WEX's long-term strategy and goal to be the only technology partner in virtual payments that offers multiple payment schemes to businesses." 

"We're thrilled to be working with WEX in Japan," said Ray Shinzawa, President and COO at JCB International Credit Card Co., Ltd. (JCB USA). "The innovative technology of the WEX platform plus JCB's merchant acceptance reach in Japan and throughout Asia make this an ideal partnership."

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