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Banco Santander (Santander), has launched JCB merchant acquiring operations in Spain following a license agreement with JCB International (JCBI). Thanks to this new alliance, Santander facilitates JCB acceptance at Santander-acquired merchants throughout Spain.
Santander launches JCB merchant acquiring operations in Spain
JCB’s 130 million card members now have the opportunity to pay for 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 card member base.
“This partnership with Spain’s largest bank is a significant milestone in JCB’s mission to increase our acceptance footprint across Europe. JCB card members can now enjoy shopping with a greater number of merchants in Spain, both online and at point of sale,” comments Yoshiki Kaneko, Deputy President, JCB International. “With average transaction value in Spain on the rise for JCB card members, we anticipate this partnership to facilitate growth for Spanish merchants, particularly in the luxury goods category.”
“JCB’s growing card member base and prominence in the tiger markets will be of great benefit to our merchant network in Spain as we welcome greater JCB acceptance,” continues Rubén Justel, Managing Director at Santander España Merchant Services. “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.”
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