Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 10 March 2020, 17:00 HKT/SGT
Share:
    

Source: JCB / PJSC Kyrgyzkommertsbank
JCB International signs License Agreement with Kyrgyzkommertsbank to start acceptance of JCB cards in Kyrgyz Republic

Bishkek, Kyrgyz Republic and Tokyo, Japan, Mar 10, 2020 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and PJSC Kyrgyzkommertsbank, one of the leading banks in the Kyrgyz Republic announced signing a License Agreement for building a JCB card acceptance network and to start JCB merchant acquiring operations in the Kyrgyz Republic.

All JCB cardmembers travelling to Bishkek and other cities of the Republic will be able to use their JCB cards for purchases at merchants and for cash withdrawals at ATMs of Kyrgyzkommertsbank throughout the Kyrgyz Republic by the end of 2020.

This partnership will allow both the merchants affiliated to Kyrgyzkommertsbank to add a new payment system brand as an incremental sales opportunity, and JCB to offer cardmembers wide acceptance during tourist and business stays in the Kyrgyz Republic.

JCB is one of the major international payments brands and the only one originated in Japan. There are more than 130 million JCB cardmembers in the world, and JCB cards are accepted at 33 million associated merchants.

Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented, "We are delighted to announce that Kyrgyzkommertsbank, a bank with a reliable and stable reputation and having a long history of success in the financial market of the country will start accepting JCB cards in the Kyrgyz Republic. The Kyrgyz Republic has one of the closest relationships with Japan among Central Asian countries, and we see an increasing number of travelers from Russia and China which are countries where JCB's card issuing business is growing rapidly. We hope that the cooperation with Kyrgyzkommertsbank will help to create a more comfortable and hospitable environment for JCB cardmembers from these countries".

"Evolvement of non-cash turnover in Kyrgyzstan is one of our strategic priorities. Developing cooperation with JCB, Kyrgyzkramdsbank will simplify payments with cards for tourists from East and South-East Asia. JCB cardholders traveling in Kyrgyzstan will be able to use their cards to pay for purchases and withdraw cash at Kyrgyzkommertsbank ATMs throughout Kyrgyzstan. This partnership will allow trading companies cooperating with Kyrgyzkommertsbank to get new sales opportunities with the help of the global financial brand," commented Erik Usubaliev, Deputy Chairman of the Board of Kyrgyzkommertsbank.

About PJSC Kyrgyzkommertsbank

PJSC Kyrgyzkommertsbank is a Kyrgyz-Japanese bank that provides a wide range of banking services in the Kyrgyz Republic and has been operating effectively in the financial market for over 27 years.

Constantly improving and keeping up with the most modern international trends, the Bank is a stable and reliable financial institution of the Kyrgyz Republic.

The main areas of business: deposit placement, lending, settlements and cash services for legal entities and individuals, operations with securities, foreign currency, issuing and servicing of credit and payment cards. The Bank has the highest status of Principal Member of the international payment systems, Visa, Mastercard and Union Pay International. It serves Visa, Mastercard, Maestro, American Express, Union Pay International and Elcard cards. Additional information about Kyrgyzkommertsbank is available on the official website of the bank www.kkb.kg

About JCB

JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/.

CONTACT
JCB
Kumiko Kida
Corporate Communications
Tel: +81-3-5778-8353
Email: [email protected]


Mar 10, 2020 17:00 HKT/SGT
Topic: Press release summary
Sectors: Cards/Payments, Daily News, Local, Local Business
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Nathan's Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs  
Aug 15, 2020 13:00 HKT/SGT
Trintech Enhances Its Enterprise System of Accounting Intelligence with Release of Cadency 9.0  
Aug 14, 2020 00:00 HKT/SGT
Hi Sun Tech Announces 2020 Interim Results: Continues to Advance "Digitalization" Strategy  
Aug 13, 2020 22:20 HKT/SGT
ConnecTechAsia Reveals Details of Event to Deliver Best-In-Class Virtual Experience  
Aug 13, 2020 17:48 HKT/SGT
QBiotics Announces Clinical Collaboration with MSD Targeting Unresectable Melanoma  
Aug 13, 2020 15:30 HKT/SGT
Mitsubishi Corporation Releases Financial Results for the Three Months Ended June 2020   
Aug 13, 2020 14:33 HKT/SGT
Huijing Holdings Limited Announces Positive Profit Alert for 2020 Interim  
Aug 13, 2020 14:00 HKT/SGT
PJSCB Orient Finans to start accepting JCB across the Republic of Uzbekistan  
Aug 13, 2020 11:00 HKT/SGT
NEC and PERSOL CAREER Start PoC of Recruitment Service for International IT Engineers using Blockchain Technology  
Aug 13, 2020 08:57 HKT/SGT
China Medical System Holdings Limited 2020 Interim Results Announcement  
Aug 13, 2020 08:55 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: