JCB International (JCBI), the overseas arm
of Japan’s biggest payment brand and credit card
issuer, is expanding its card acceptance in Hong Kong and
Macau through a partnership deal with Singaporean
bank DBS.
Under the agreement DBS will obtain the
merchant acquiring services of JCBI cards in the markets, both
special administrative regions of China, by permitting JCBI card
acceptance across its merchant network.
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“With proceeding business, DBS HK and JCBI
will continue to increase the number of JCB merchants in order to
offer better acceptance services to JCB cardholders.” said Carol
Hung, senior vice president, cards and unsecured loans,
consumer banking, at DBS. “Given the expansion of acceptance, DBS
will improve its cardholder service and risk-prevention measures to
create a safe and convenient environment for JCB cardholders.”
Through the agreement DBS also benefits from
giving its merchants access to card transactions generated by JCB’s
over 60 million cardholder base.
“The partnership with DBS is a milestone in
the extension of our acceptance network, and marks another
significant achievement in JCB’s international expansion,” said
Takahisa Izumi, managing director of JCBI Asia.
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