Santander launches JCB merchant acquiring operations in Spain
September 17 2019 - 3:00AM
JCN Newswire (English)
Madrid / Tokyo, Sept 17, 2019 - (ACN Newswire) - Banco
Santander (Santander), the major international financial group, has
launched JCB merchant acquiring operations in Spain following a
license agreement with JCB International (JCBI), the international
operations subsidiary of JCB, the Japanese global payment brand.
Thanks to this new alliance, Santander facilitates JCB acceptance
at Santander-acquired merchants throughout Spain.
JCB's 130 million cardmembers now have the opportunity to enjoy
goods and services from Santander's extensive merchant network in
Spain, including hotels, restaurants and luxury retailers.
Santander merchant partners will benefit from the opportunity to
capture card sales from JCB's predominantly Asian cardmember
base.
Santander facilitation of JCB card acceptance significantly
increases JCB brand coverage in Spain, providing greater
convenience and augmented services to JCB cardmembers globally.
Mr. Yoshiki Kaneko, Deputy President, JCB International Ltd., said,
"This partnership with Spain's largest bank is a significant
milestone in JCB's mission to increase our acceptance footprint
across Europe. JCB cardmembers can now enjoy shopping with a
greater number of merchants in Spain, both online and at point of
sale. With average transaction value in Spain on the rise for JCB
cardmembers, we anticipate this partnership to facilitate growth
for Spanish merchants, particularly in the luxury goods
category."
Ruben Justel, Managing Director at Santander Espana Merchant
Services, said, "JCB's growing cardmember base and prominence in
the tiger markets will be of great benefit to our merchant network
in Spain as we welcome greater JCB acceptance. As the world becomes
a smaller place and tourism figures increase, we've noticed that
our merchants benefit from catering to international consumers and
that includes variety of payment methods. As the gateway to Asia,
facilitating JCB acceptance was the next logical step in this
progression."
About Santander
Santander, with more than 160 year of history, is a retail bank
operating in 10 main markets that obtained an attributable profit
of EUR 7,810 million in 2018 - which is an increase of 18% on the
previous year. Santander, with more than 200.000 employees and more
than 144 millions of customers, is the 1st bank in Europe and 3rd
in the world.
About JCB
JCB is a major global payment brand and a leading credit card
issuer and acquirer in Japan. JCB launched its card business in
Japan in 1961 and began expanding worldwide in 1981. Its acceptance
network includes over 30 million merchants and over a million cash
advance locations in the world. JCB cards are now issued in 24
countries and territories, with more than 130 million Cardmembers.
As part of its international growth strategy, JCB has formed
alliances with hundreds of leading banks and financial institutions
globally to increase merchant coverage and Cardmember base. As a
comprehensive payment solution provider, JCB commits to providing
responsive and high-quality service and products to all customers
worldwide.
Contact
JCB International/Europe
Ashleigh Carter
Email: acarter@jcbeurope.eu
Phone: +44 020 7087 4754
JCB Co., Ltd.
Kumiko Kida
Email: kumiko.kida@jcb.co.jp
Tel: +81-3-5778-8353
Source: JCB
Copyright 2019 ACN Newswire . All rights reserved. |
Banco Santander (LSE:BNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Banco Santander (LSE:BNC)
Historical Stock Chart
From Apr 2023 to Apr 2024