JCB and Shopee Announce Strategic Partnership to Offer Greater Flexibility and Cost Savings to Online Shoppers in Southeast Asia

SINGAPORE & TOKYO, Jul 21, 2020 – (ACN Newswire) – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and JCB International Co. Ltd. (JCBI), the international operating subsidiary of JCB Co., Ltd. , enter into a regional agreement to provide merchants and online shoppers with enhanced payment options. Through this collaboration, the two local Asian brands will jointly provide quality e-commerce and payment services for the Southeast Asian market.

The partnership will be launched in July 2020 in Indonesia, Thailand and Vietnam, followed by Singapore and the Philippines in the following months. JCB will offer year round and seasonal discounts as well as a safe and secure additional payment method for buyers. Shopee will also promote participating stores that support JCB.

Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said, “JCB is proud to work with Shopee, a market leader in e-commerce, as we become more committed to supporting our customers in the rapidly growing industry. Southeast Asia region. In particular, as consumer buying habits move online and businesses digitize their operations, we want to be able to better meet these changing needs. Over the past 10 years, South East Asia has been a growth market for JCB and we “We believe that with Shopee we can provide high quality payment services to businesses and consumers, and continue to grow with the region. Going forward, JCB and Shopee will continue to provide attractive and convenient services to our customers. “

A joint report from Google, Temasek, and Bain & Company found that Southeast Asia’s internet economy grew to $ 100 billion in 2019, more than tripled in size in the past four years. By 2025, the region’s internet economy is expected to reach $ 300 billion. The report also estimates that 150 million Southeast Asians have bought or sold things online, three times more than in 2015.[1].

Terence Pang, COO of Shopee, said, “We are honored to be a strategic business partner with JCB. As local brands, Shopee and JCB are deeply committed to supporting local Southeast Asian markets and businesses. This partnership further strengthens our ecosystem. to enable brands and sellers in Southeast Asia to seize the opportunities of e-commerce. For our buyers, they will benefit from another secure payment method and additional promotions. This is all the more crucial in this new normal as more and more commerce is done online and we need to be able to accommodate various habits and preferences. We believe that JCB will add value to our ecosystem and we look forward to jointly accelerating the digital economy in Southeast Asia. “

Shopee saw good growth in the first quarter of 2020. According to App Annie, in Southeast Asia and Taiwan, Shopee became the first in the Shopping category in terms of average monthly active users and downloads, as well as time. total spent in the application on Android. With more and more Southeast Asian consumers online through their mobile, Shopee is also focusing on promoting digital payments in the region. In 2019, Shoppe launched ShopeePay, its own integrated mobile wallet.

JCB, the only international payment brand born in Japan, began its overseas expansion in 1981 by accepting travel destinations for Japanese cardholders. Since the early 2000s, JCB has focused on expanding its international issuance business into Asian markets, and in particular over the past ten years, JCB has been committed and focused on the rapidly growing market in Southwest Asia. And its membership in Thailand, Vietnam, Indonesia, the Philippines, Myanmar and Singapore more than doubled between 2017 and 2019. JCB advances the e-commerce segment, which shows remarkable growth due to economic growth and the diversification of lifestyles in recent years. JCB is also actively adopting new technologies to improve the customer payment experience, including contactless technology which is used for payments such as public transport.

[1] “E-Conomy SEA 2019 report.”
https://www.blog.google/documents/47/SEA_Internet_Economy_Report_2019.pdf. Accessed July 2, 2020.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers and businesses in the region.

Shopee offers a simple, secure, and engaging experience that is loved by millions of people every day. It offers a wide assortment of products, supported by integrated payments and logistics, as well as popular entertainment features tailored to each market. Shopee is also a key contributor to the region’s digital economy with a strong commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), one of the world’s leading consumer internet companies. Besides Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and its digital financial services arm, SeaMoney. Sea’s mission is to improve the lives of consumers and small businesses through technology.

About JCB

JCB is a global payments brand and one of the leading credit card issuers and acquirers in Japan. JCB started its card business in Japan in 1961 and began to expand worldwide in 1981. Its acceptance network includes approximately 34 million merchants as well as cash advance agencies around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardholders. As a full-service provider of payment solutions, JCB is committed to providing responsive, high-quality product and service to all customers around the world. For more information, please visit: www.global.jcb/en/

Contact

JCB Co., Ltd.
Kumiko Kida, Ayaka Nakajima
Corporate communications department
Phone. : + 81-3-5778-8353
Email: [email protected]

Shopee
Scott lai
Regional Marketing – PR
Phone. : +65 9819 2323
Email: [email protected]

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