SOCASH, JCB to collaborate for cardless currency exchange service for tourists

Wednesday 16 October 2019 14:02 CET | News

SOCASH has announced its plans of a global partnership with JCB to offer cardless cash withdrawal services for tourists.

According to the press release, the planned service will help Japanese tourists visiting locations in Southeast Asian countries, which have very low card penetration and high card fraud risks. The partners plan to bring this service into effect in the first months of 2020.

Consumers will need to register their credit card information on the SOCASH app, using their smartphones to withdraw cash without having to use their cards at multiple outlets and convenience stores. Furthermore, the two companies aim to incorporate tokenization to ensure reliability and security for card members using the app.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: SOCASH, JCB, card, cardless currency exchange, Japan
Countries: World