{"id":4790,"date":"2022-01-13T03:52:27","date_gmt":"2022-01-13T03:52:27","guid":{"rendered":"https:\/\/softspace.com.my\/?p=4790"},"modified":"2026-06-10T08:10:04","modified_gmt":"2026-06-10T08:10:04","slug":"soft-space-enters-into-strategic-partnership-with-jcb","status":"publish","type":"post","link":"https:\/\/softspace.com.my\/?p=4790","title":{"rendered":"Soft Space Enters Into Strategic Partnership with JCB"},"content":{"rendered":"

Collaboration will expand JCB\u2019s presence in Southeast Asia and act as a bridge for Soft Space to link Japanese consumers with the region and vice versa<\/em><\/p>\n

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Virtual signing ceremony between Yoshiki Kaneko, Senior Executive Officer of JCB Co., Ltd.\/ President & COO of JCB International Co., Ltd., and Joel Tay, Chief Executive Officer of Soft Space<\/em><\/p>\n

Kuala Lumpur\/Tokyo, 13 January 2022:<\/strong> The world\u2019s leading fintech player, Soft Space Sdn. Bhd. (\u201cSoft Space\u201d), has announced a new strategic partnership with Japan\u2019s only international payment brand, JCB Co. Ltd. (\u201cJCB\u201d).<\/p>\n

This strategic partnership is the first of its kind in Malaysia for the payment giant and involves a combination of US$5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space\u2019s fintech-as-a-service business model, technology and regulatory knowhow, and JCB\u2019s global recognition, vast alliances and brand reach.<\/p>\n

This is part of the first tranche of funding on the horizon for Soft Space with other investments to follow in the future. The partnership also demonstrates the confidence JCB has in Soft Space\u2019s management, technology portfolio and execution strategy in today\u2019s highly competitive fintech industry.<\/p>\n

JCB owns and operates one of the largest payment schemes in Japan supporting about 37 million merchants and 140 million cardmembers around the world, by capitalising on Asia\u2019s economic growth. Backed by these assets, JCB has a vision to become \u201cAsia\u2019s leading payment brand\u201d and will expand the brand globally by leveraging its strength in Asia \u2013 especially in Southeast Asia (\u201cSEA\u201d) \u2013 to become a competitive brand preferred by Japanese and international cardmembers.<\/p>\n

To this end, JCB has targeted SEA as a strategic business enhancement region and has established its ASEAN Business Enhancement and Creation Department in Singapore last June to seek business opportunities within the region. This will serve as a template for further strategic alliances and investments within the region.<\/p>\n

The strategic partnership with Soft Space also aims to harness synergies between the two parties and includes the expansion of JCB\u2019s merchant network, the establishment of card issuing solutions, and the provision of customer marketing solutions.<\/p>\n

Other collaborative areas include, but not limited to, enhanced merchant acceptance, mobility-as-a-service (MaaS) and transit; payment gateways; cards-as-a-service (CaaS); white label services, API platform services and technical support services.<\/p>\n

Both Soft Space and JCB are committed to accelerating cashless payment both in Malaysia and SEA by utilising competitive and advanced fintech technologies, thereby establishing a link between Japanese consumers to SEA.<\/p>\n

\u201cI am honoured to announce this investment and collaboration agreement. I believe this is not just an investment, but the first step towards realising the boundless possibility with Soft Space,\u201d said Yoshiki Kaneko, President & COO of JCB International Co. Ltd. \u201cWe are capitalising on this opportunity to expand and secure our business in SEA by utilising Soft Space\u2019s cutting-edge technology and robust network with the financial institutions. We are confident that this collaboration will go beyond Malaysia and expand across the globe.\u201d<\/p>\n

\u201cWe are humbled by this investment by JCB,\u201d said Joel Tay, Chief Executive Officer of Soft Space. \u201cBeing JCB\u2019s first investee in Malaysia assures us that we are on track to develop financial solutions that will fortify payment acceptance between Japan and SEA, and benefit both regions when borders open up again. This bridge between our regions will also serve as a roadmap for us to enter other regions globally in the future.\u201d<\/p>\n

Today, Soft Space has an expansive range of product offerings that span white-label e-wallet solutions to its flagship Tap to Phone technology, which is the world\u2019s first SoftPOS solution to support secure PIN entry. The solution has received endorsements from major card schemes such as Visa, UnionPay International, Mastercard and Malaysia\u2019s MyDebit, and has been deployed in some of the largest financial service institutions and corporate enterprises in the Middle East, North America, Europe, and Asia Pacific.<\/p>\n","protected":false},"excerpt":{"rendered":"

Collaboration will expand JCB\u2019s presence in Southeast Asia and act as a bridge for Soft Space to link Japanese consumers with the region and vice versa [\u2026]<\/span><\/p>\n","protected":false},"author":6,"featured_media":4792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,42],"tags":[],"class_list":["post-4790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-announcement","category-news-media"],"_links":{"self":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/4790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4790"}],"version-history":[{"count":1,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/4790\/revisions"}],"predecessor-version":[{"id":4793,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/4790\/revisions\/4793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/media\/4792"}],"wp:attachment":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}