JCB developed the contactless payment product QUICPay with the aim of faster, more convenient, signature-free payment for the Japanese market. Nearly 5 million consumers use QUICPay at 250,000 terminals at major convenience stores, gas stations, supermarkets, and a wide variety of other shopping venues in Japan. Contactless technology has become a popular payment style in Japanese urban life. With QUICPay, JCB cardmembers now have more options for small-value payments. JCB is promoting QUICPay further to expand the boundaries of the credit market.
QUICPay Mobile Phone
Based on EMV Contactless Communication Protocol, the global standard for contactless payment, J/Speedy provides a simple, fast, and convenient way to pay. Perfect for environments where throughput speed is critical, such as supermarkets, convenience stores, and fast food restaurants, consumers simply tap their card or mobile phone on a reader to pay. The speed, ease, and simplicity of payment without the need to hand over a card or a signature give J/Speedy a significant advantage over conventional card payments for smaller amount transactions. JCB leverages this advantage to encourage card payment in markets dominated by cash, and raise JCB competitive strength in the payment industry. JCB cooperates with the other payment brands to share terminals within the Asia Pacific region, helping to create an efficient global infrastructure for this new payment solution.