As consumers seek greater speed and convenience in their payment transactions, merchants are increasingly adopting QR code payments and other digital payment types. Digital wallets now account for 58% of regional e-commerce purchases and are expected to reach almost 70% by 2023. Digital wallets also now surpass cash at POS, accounting for 36% of in-store sales in 2019.
To meet this demand, JCB is driving acceptance of QR payments among consumers as part of its quest to be the preferred card brand. JCB chose FIS because of its global footprint, deep network of local