Fiuu, a prominent fintech platform in Southeast Asia, has obtained a JCB Direct Acquiring licence, enhancing its card acceptance capabilities in Singapore, Malaysia, and the Philippines, with plans to extend to Thailand. This licence enables Fiuu to process transactions directly with JCB, reducing dependency on intermediaries and improving transaction reliability and visibility for merchants.
The direct acquiring capability allows businesses to benefit from faster settlement processes and consistent payment performance, crucial for supporting cross-border growth. Fiuu’s CEO, Eng Sheng Guan, highlighted the significance of this development, stating, “Our direct acquiring relationship with JCB strengthens that foundation, allowing us to support merchants with broader acceptance, greater consistency, and the confidence to serve customers across both digital and physical commerce.”
In FY2025, Fiuu processed a total payment volume of $13b, showcasing its capacity to handle high-volume digital payments. The collaboration with JCB, a major global payment brand with 181 million cardmembers, is expected to expand JCB acceptance across Fiuu’s merchant network, enhancing payment coverage in the region.
Shimpei Yamaguchi, Managing Director of JCB International Asia Pacific, expressed enthusiasm about the partnership, noting Fiuu’s regional expertise and fast-growing merchant network as key factors in expanding JCB acceptance. The planned expansion into Thailand reflects Fiuu’s ambition to solidify its role as a leading regional Card Scheme Acquirer, providing businesses with a unified payment partner across Southeast Asia.
