This collaboration is set to expand the virtual media entertainment market even further
JCB International and Paymentwall have announced the activation of JCB cards in the digital media and home entertainment sector.
This partnership is expected to simplify the online transactional journey for digital media and home entertainment communities. That’s due to the fact 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. It is forecasted that the market will reach an expected annual sales growth of a further 0.9% as we move towards 2025.
In addition, this partnership will offer cardmembers enhanced fraud protection, speedier transactions, local payment processing and 24/7 in-app help and support functions.
We’ve reported that JCB has teamed up with Fujitsu and Mizuho Bank for a joint demonstration trial aimed at further advancing a digital society. The trial aims to prove that digital ID data can be safely transacted online, distributed, and linked between different industries.