JCB Expands Its Merchant Network With Paymentwall in Digital Media and Home Entertainment Sector
- 04.11.2020 12:38 pm
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Paymentwall announce the activation of JCB cards in the digital media and home entertainment sector.
This partnership will simplify the online transactional journey for digital media and home entertainment communities as they make in-app and online purchases from small and medium-sized companies across the world.
Globally, throughout 2020 to date, the video game industry sector has seen a 7.4% increase in sales year-on-year and a user increase of 12.7% year-on-year, and it is forecasted that the market will reach an expected annual sales growth of a further 0.9% as we move towards 2025 .
This collaboration is set to expand the virtual media entertainment market even further. Additionally, this partnership will offer cardmembers enhanced fraud protection, speedier transactions, local payment processing and 24/7 in-app help and support functions.
Mr. Honor Gunday, CEO of Paymentwall, said: “Establishing a relationship with JCB has been a key milestone for us as we expand into new regions where we can offer our customers and end-users more advanced payment options. JCB has almost 60 years of insight and understanding when it comes to its cardmembers across countries in Southeast Asia, Japan, China, and Korea. We are happy to be a part of this network.”
Mr. Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., expresses: “Our flexible approach with our partners has enabled us to work alongside Paymentwall to help their mobile entertainment developers and merchants to reach their aspirations too. This collaboration is one that we are particularly excited about as it will support the growing trend and consumption growth of virtual media and home entertainment, which has gained popularity with our cardmembers, especially in recent months. We are both looking forward to unlocking the gateway to Asia for Paymentwall’s online retailers, as well as securing card acceptance for our global cardmembers.”
1. ‘Online Games.’ 2020 [Online], https://de.statista.com/outlook/212/100/online-games/weltweit?currency=usd#market-revenue, [Accessed 11/08/2020].