JCB and SumUp Join Forces to Expand European Card Acceptance

JCB, the international payment brand, has announced a strategic partnership with SumUp, a global financial technology company. This collaboration aims to enable over 150 million JCB cardmembers to use their cards across European markets, leveraging SumUp’s extensive merchant network and meeting the growing demand for digital payments, as stated in the article written by Amber Jackson and published on Fintech Magazine.

The partnership between JCB and SumUp will not only expand the availability of JCB Contactless but also provide a significant boost to European merchants by tapping into the spending power of JCB’s vast cardmember base. SumUp’s merchant network consists of businesses of all sizes, ranging from small shops to taxi companies and grocery stores. This partnership will offer these merchants new growth opportunities and access to a broader customer base.

Michael Schrezenmaier, CEO of Europe for SumUp, emphasized their commitment to empowering small businesses and helping them cater to the increasing number of Asian travelers. He stated, «Our new partnership with JCB will enable them to offer a preferred payment option. With JCB card acceptance, we can better provide them with the tools they need to differentiate themselves from their competition and thrive in today’s global marketplace.»

SumUp’s compact and portable payment devices, along with its streamlined onboarding process, will allow businesses of all sizes to benefit from the convenience of their payment solutions. Enabling JCB card acceptance will not only enhance the payment experience for SumUp’s European merchants but also make them part of JCB’s growing community, aligning with customer preferences for digital payments.

The partnership will also facilitate seamless and faster payment processes for JCB cardmembers shopping abroad. By tapping their JCB cards on SumUp’s readers, cardmembers can enjoy the security and ease of use provided by JCB Contactless.

Ray Shinzawa, Managing Director of JCB International (Europe), expressed his excitement about the collaboration, stating, «We’re excited to introduce SumUp as our new partner and work closely with its merchant network, starting with European countries and regions, to further increase JCB Contactless acceptance. This collaboration will delight merchants with new customers and growth opportunities in today’s competitive market.»

The partnership between JCB and SumUp represents a significant step towards expanding card acceptance and promoting digital payments in Europe. By leveraging SumUp’s technology and merchant network, JCB aims to provide enhanced support to merchants while offering JCB cardmembers seamless and secure payment options when traveling abroad.