Merchants worldwide are increasingly adopting QR codes and other digital payment types
FIS has partnered JCB to enable cross-border QR-code payments. The report found, digital wallets are currently accounting for 58% of regional e-commerce purchases and are expected to reach nearly 70% by 2023.
Besides, e-wallets also now surpass cash at the POS, accounting for 36% of in-store sales a year ago.
FIS Payments One platform is customizable across a range of device and payment types. With this new payment method integrated into the platform, FIS partner banks can quickly enable JCB QR Code Payment for their client base.
JCB plans to first handle QR payments between Vietnam and Thailand, with plans to roll out across the APAC region.
We’ve reported that Visa has announced a partnership with Malaysia-based fintech KiplePay. This way, the e-wallet will improve its offerings including cash withdrawals and issuing Visa prepaid cards.