English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 12 January 2021, 15:00 HKT/SGT
Share:
    

Source: JCB / SQB
Uzpromstroybank launches JCB merchant acquiring operations across the Republic of Uzbekistan

TOKYO & TASHKENT, Jan 12, 2021 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and JSCB "Uzbek Industrial and Construction bank" are pleased to announce the start of JCB merchant acquiring operations across the Republic of Uzbekistan.

The introduction of a visa-free regime in 2018 with Japan, as well as the cooperation of Uzpromstroybank with JCB International Co., Ltd. (Japan) will expand the tourism potential of Uzbekistan, increase cashless money circulation and improve the quality of customer service.

In 2019, JSCB "Uzpromstroybank" launched a project to modernize card processing, the goals of which were the issuance of international cards with an electronic PIN code, multicurrency accounts and a credit limit on the card, and provision of service using international contactless card systems including JCB and the expansion of the acquiring network. As for today, the project has been implemented and testing and customization of new card products are underway.

In January 2021, a new processing "WAY4" has been launched in a productive environment, where all JCB cardholders will be able to withdraw cash from ATMs of Uzpromstroybank and pay for purchases in the network of the Bank's partners.

Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented: "We are pleased to announce that JSCB "Uzpromstroybank", one of the largest and most reliable banks in the region with a high business reputation, has started to accept JCB Cards across the Republic of Uzbekistan. Uzbekistan is a popular tourist destination with an ancient history, rich cuisine, hospitable people. Uzbekistan attracts not only Russian tourists, but also tourists from Japan and other Asian countries and regions, where there are traditionally many JCB cardholders. The introduction of a visa-free regime in 2018, as well as our cooperation with JSCB "Uzpromstroybank" will definitely contribute to an increase in the flow of tourists, as well as creation of even more comfortable conditions for paying for purchases and withdrawing cash for JCB cardholders when traveling to the Republic."

Deputy Chairman of the Board of JSCB Uzpromstroybank Tavakkalov Ulugbek commented that the bank's ATM and terminal network serving Humo will simultaneously serve the cards of JCB international payment system. Now there are 150 of such ATMs and 16,000 of such terminals.

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 35 million merchants in the world. JCB Cards are now issued in over 20 countries and territories, with more than 140 million cardmembers. 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 cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

About JSCB "Uzpromstroybank"

JSCB "Uzpromstroybank" is the largest bank in the Republic of Uzbekistan, whose history is inextricably linked with the development of the economy, actively contributes to the implementation of structural reforms and liberalization of the economy, consistently implements a set of programs for the development of basic industries and modern infrastructure. Adhering to the strategy of intensive growth, Uzpromstroybank is implementing a set of measures aimed at increasing its authorized capital, issuing shares and actively placing them on the stock market to attract free funds from the population, business entities and potential investors. More information is available at https://sqb.uz/

Contacts

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

JSCB "Uzbek Industrial and Construction bank"
Bekhzod Bozorov
Information service
Tel: +998 78 1204500 (1311)
Email: [email protected]


Topic: Press release summary
Sectors: Cards & Payments, Daily Finance, Daily News, FinTech & Blockchain, Banking & Insurance, Local Business
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Tianyun International: Rainbow Lead Ventures Limited Becomes a New Strategic Shareholder of the Group  
Mar 6, 2021 14:10 HKT/SGT
Eisai to Present Latest Data on Pipeline Assets in the Area of Alzheimer's Disease and Dementia at the 15th International Conference on Alzheimer's and Parkinson's Disease  
Mar 5, 2021 16:51 HKT/SGT
CUPNOODLES MUSEUM HONG KONG BY NISSIN FOODS SET FOR LAUNCH   
Mar 5, 2021 12:53 HKT/SGT
Moonstake Partners with P2P Escrow Service Escaroo  
Mar 5, 2021 12:30 HKT/SGT
MHI Group Presents "Best Innovation 2020" Awards for Activities that Contribute to Reducing Environmental Loads  
Mar 5, 2021 08:30 HKT/SGT
CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe   
Mar 5, 2021 08:17 HKT/SGT
China Gas Enters into Strategic Cooperation Framework Agreement with Sinopec  
Mar 4, 2021 21:22 HKT/SGT
Acquiring Xiaoer Qingre Zhike granule, Tianda Pharmaceuticals continues to broaden its product mix and perfect its Chinese medicine whole industry chain layout  
Mar 4, 2021 19:43 HKT/SGT
Billboard Hot 100 #1 Hit of the Year Band Member Partners with UREEQA  
Mar 4, 2021 18:50 HKT/SGT
CITIC Telecom Announces 2020 Annual Results  
Mar 4, 2021 18:45 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575