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Monday, 23 March 2015, 11:00 HKT/SGT
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Source: JCB
Asia Commercial Bank to launch ACB-JCB Credit / Debit Card in Vietnam

HO CHI MINH CITY & TOKYO, Mar 23, 2015 - (JCN Newswire) - Asia Commercial Bank (ACB), a leading commercial bank in Vietnam, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., has announced the launch of the first JCB debit card in Vietnam.

Asia Commercial Bank to launch ACB-JCB Credit / Debit Card in Vietnam

ACB and JCBI, have launched ACB-JCB Credit and Debit Card to diversify the products to meet various demands of customers in Vietnam. The launch event was held today to commemorate ACB's joining the member of issuing international card bearing JCB brand in Vietnam. ACB has become the first issuer to issue JCB debit card in Vietnam.

The holders of ACB-JCB card can access to JCB acceptance network with about 28 million merchants and over a million ATMs in 190 countries and territories, and enjoy a lot of benefits provided by ACB such as 15-minute debit card issuance, free insurance services for ATM assault, and special privileges at selected merchants and customer service at JCB Plaza, overseas service counter available at 61 locations around the world. Besides that, ACB will start the promotion that cardmembers of ACB-JCB Credit Card and ACB-JCB Debit Card can enjoy free annual fee for the 1st year and receive a cash back up to 100% for the first payment transactions by ACB-JCB card.

Nguyen Thi Hai - Executive Vice President of ACB stated, "ACB is one of the leading retail banks in Vietnam. We believe that the cooperation with JCBI not only boosts the ACB's card business but also makes the JCB brand name more familiar in Vietnam."

Koremitsu Sannomiya, President & COO of JCBI said, "We entered Vietnam in 1991 to increase JCB card acceptance especially at shops and restaurants for Japanese tourists. With the potential of the Vietnamese market with its big population and steady economic growth, we consider Vietnam one of the most important markets for card issuing. I am very pleased to cooperate with ACB who has a solid position and am certain that this partnership will help both entities grow our business in the market."

About Asia Commercial Bank - ACB

Asia Commercial Bank - ACB is one of the leading joint stock commercial banks in Vietnam. With the history of over 21 years of operation, founded in Ho Chi Minh city in 1993, the bank now has over 350 transaction offices national-wide with near 10,000 employees. Providing an intensive range and reach of financial services, ACB has made every effort to continually improve by stressing the primary importance of the customer, developing the customer experience, and boosting competitiveness on the basis of core values, in order to maintain ACB's unique business advantages. ACB has positioned itself as the leading bank over the next five years; a bank of outstanding performance over the next three year. With the new brand image and breakthrough improvements in the field of: product development, risk management, operation process, IT..., ACB is honored to receive the award of "Best improved retail bank in Asia Pacific 2015" by the Asian Banker Magazine. For more information, visit: www.acb.com.vn

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 28 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 17 countries and territories, with about 88 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 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, visit: www.jcbcorporate.com/english

Note: JCB statistics included in About JCB are as of the end of December 2014.

Contact
JCB International Co., Ltd.
Ayako Tanaka
Corporate Planning Department
Tel: 81-3-5778-8390
Email: jcbinternational-pr@info.jcb.co.jp


Topic: New Service
Source: JCB

Sectors: Cards & Payments
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