CONNECT WITH US:
Nov, 08 2019 15:00 JST
KASIKORNBANK, a major financial institution in Thailand, starts to adopt Smart Code(TM), the JCB QR and barcode payment scheme
Bangkok and Tokyo, Nov, 08 2019 - (ACN Newswire) - KASIKORNBANK in Thailand started to adopt Smart Code, QR and barcode payment scheme, provided by JCB Co., Ltd., the only international payment brand from Japan.
This enables more than 11 million users of K PLUS, the mobile banking app of KASIKORNBANK, to shop at Smart Code merchants in Japan. JCB is expanding Smart Code merchants as the largest merchant networker in Japan.
Smart Code is the consumer-presented QR and barcode payment scheme referring to EMV(R) specification to minimize the system development impact on merchants and mobile payment service provider.
JCB operates the payment gateway to connect mobile payment service provider and merchants as the scheme holder of Smart Code, and also build the merchant network for Smart Code as the acquirer by utilizing its experience and connection with merchants as the JCB Card acquirer since 1961 in Japan.
Smart Code provides merchants with the one-stop solution of various QR and barcode mobile payment providers. Merchants can unify the agreements, terminal devices and settlements with each mobile payment service providers. Mobile payment service providers also receive benefits from avoiding contracts and system development with each merchant.
Other mobile payment service providers both domestic and international are also expected to soon adopt Smart Code.
Thai travelers visiting Japan surpassed 1 million in 2018 for the first time, which will increase in the future as well. With Smart Code adopted by KASIKORNBANK, it is expected that this will improve convenience for Thai travelers to Japan.
Furthermore, JCB and KBANK will cooperate to establish the framework and system for all of banks and financial institutions in Thailand to join Smart Code scheme in 2020 with the cooperation of Central Bank of Thailand. With this scheme, even more Thai tourists are expected to use Smart Code.
* EMV(R) is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo.
JCB is a 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 about 30 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 130 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/
JCB Co., Ltd.
Corporate Communications Department
Sectors: Cards/Payments, Daily Finance, Travel & Tourism, Daily News, Local, Local Business
Copyright ©2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
DOCOMO Releases White Paper Promoting 6G Communication System
Jan 24, 2020 12:00 JST
NEC Develops Millimeter-wave Distributed Antenna Radio Unit Improving the Channel Quality for Indoor 5G Applications
Jan 24, 2020 11:05 JST
Eisai: Dayvigo (Lemborexant) Approved for Treatment of Insomnia in Japan
Jan 23, 2020 15:57 JST
Eisai: Approval of Antiepileptic Drug Fycompa in Japan for Monotherapy and Pediatric Indications for Partial-Onset Seizures, as well as a New Formulation
Jan 23, 2020 15:46 JST
Mitsubishi Corporation Participates in Vietnam's "Grand Park Project"
Jan 23, 2020 12:39 JST
Fujitsu Launches 9 New Enterprise PC Models including Educational Tablets with Improved Ease of Use
Jan 23, 2020 11:14 JST
DOCOMO to Partner with AI-powered Enterprise Meeting Note Provider Otter.ai in Japan
Jan 22, 2020 12:21 JST
DOCOMO to Pursue Collaboration with Skydio, U.S. Manufacturer of Autonomous Drones Capable of Flying without GPS Guidance
Jan 22, 2020 12:00 JST
Mitsubishi Motors concludes a disaster cooperation agreement for the first time in Tokyo with Minato City
Jan 21, 2020 20:04 JST
DOCOMO and DOCOMO ASIA to Provide IoT Solution for YANMAR's SMARTASSIST System in India
Jan 21, 2020 16:13 JST
NEC Highlights 5G-enabled Business Creation and Connectivity at MWC Barcelona 2020
Jan 20, 2020 16:08 JST
Eisai Rated "A", the Highest Rating in the CDP Climate Change Report 2019
Jan 20, 2020 15:21 JST
Fujitsu Group Earns Top Rating in CDP Climate Change Evaluation for Third Year Running
Jan 20, 2020 15:03 JST
Showa Denko to Streamline Domestic Production of Unsaturated Polyester Resin and Vinyl Ester Resin
Jan 20, 2020 12:30 JST
Toyota Indiana Completes $1.3 Billion Modernization Project; Includes 550 New Jobs
Jan 20, 2020 08:46 JST
Toyota Yaris WRC Trio Start a New Chapter with a Classic Challenge
Jan 17, 2020 20:05 JST
DOCOMO Conducts World's First Successful Trial of Transparent Dynamic Metasurface
Jan 17, 2020 16:05 JST
Hitachi Industrial Products Received "EN 15085 Certificate" for Welding of Railway Vehicles and Components
Jan 17, 2020 13:45 JST
Hitachi Completes Construction of H1 TOWER, One of World's Tallest Elevator Test Towers, at R&D and Manufacturing Facility in Guangzhou, China
Jan 17, 2020 09:33 JST
Hitachi Joined WIPO GREEN as a Contributing Partner
Jan 17, 2020 09:07 JST
More Latest Release >>
JCB expands its merchant network with Nets Group in Finland
January 21 2020 15:00 JST
JCB Signs a Strategic Partnership Agreement with Keychain to Leverage Blockchain in the Payments Area
December 27 2019 15:00 JST
JCB and Paystand sign an MOU for building a new B2B payment solution for small and mid-sized Japanese enterprises
December 20 2019 09:00 JST
Worldpay From FIS Opens New Doors for JCB Card Acceptance in Japan
December 19 2019 18:00 JST
JCB Releases Muslim Friendly Japan Special Offer Guide
December 10 2019 17:00 JST
VietinBank and JCB launch VietinBank JCB Ultimate Vietnam Airlines Credit Card in Vietnam
December 02 2019 11:00 JST
BCA and JCB Launch BCA JCB Black Credit Card
November 11 2019 15:00 JST
Viet Capital Commercial Joint Stock Bank to Launch JCB Credit Card in Vietnam
November 06 2019 16:00 JST
JCB signs License Agreement with PrivatBank to start acceptance of JCB cards in Ukraine
November 01 2019 09:00 JST
The 16th JCB World Conference Held in Hawaii
October 21 2019 18:40 JST
More Press release >>