|Thursday, 5 September 2013, 09:00 HKT/SGT|
TOKYO, Sept 5, 2013 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), the international subsidiary of JCB, the only global payment brand based in Japan today announced that BRAC Bank Limited (BRAC Bank), a leading commercial bank in Bangladesh, starts JCB merchant acquiring operations in Bangladesh based on a license agreement. With this agreement, JCB cards will be accepted at over 3,400 BRAC Bank merchants throughout Bangladesh by the end of October 2013.
BRAC Bank, established in 2001, is majorly owned by the world's largest non-governmental organization, BRAC, and is leading the payment industry in the country with a progressive approach such as mobile payment service.
With the world's large attention to Bangladesh's growing economy, JCB has been planning to expand its existing merchant network in the region in order to meet the demands of JCB cardmembers visiting Bangladesh mainly for business purpose.
Kimihisa Imada, Deputy President of JCBI said, "I am sure that an increasing number of JCB acceptance locations in Bangladesh will bring more benefit and convenience to JCB cardmembers visiting this country. This will also be a strong business opportunity for our future card issuing business in this region."
Mr. Syed Mahbubur Rahman, Managing Director & CEO, BRAC Bank Limited, said, "BRAC Bank, being one of the largest online network of banking services in Bangladesh, looks forward to welcoming JCB cardmembers. This is just the beginning of a phenomenal expansion of JCB solutions across Bangladesh."
"With the partnership, BRAC Bank and JCBI will work together for long term cooperation and expansion of cards services in emerging Bangladesh market for local and international customers," he added.
About BRAC Bank Limited
BRAC Bank is one of country's fastest growing banks. With 155 branches, more than 350 ATMs, 400 SME Unit Offices and over 8,000 human resources, BRAC Bank operation now cuts across all segments and services in financial industry. With more than 1.2 million customers, the bank has already proved to be the largest SME Financier in just 12 years of its operation in Bangladesh and continues to broaden its horizon into Retail, Corporate, SME, Probashi and other arenas of banking. In 2013 BRAC Bank has received the prestigious 'The Asian Banker Best Managed Bank in Bangladesh'. In the year 2010, BRAC Bank has been recognized as Asia's most Sustainable Bank in Emerging Markets by the Financial Times and IFC. The Bank is the country's first founder member of Global Alliance for Banking on Values (GABV) - a network of the world's leading sustainable banks. For more information, visit: www.bracbank.com
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 over 23 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 16 countries and territories, with more than 80 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 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, visit: www.jcbcorporate.com/english
JCB International Co., Ltd.
Ayako Tanaka, Junko Asaoka
Corporate Planning Department
Topic: New market for product
Sectors: Cards/Payments, Daily Finance, Daily News
From the Asia Corporate News Network
Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|JCB Releated News|
|Jan 12, 2017 15:00 HKT/SGT|
|JCB International sponsors Visit Greenwich Destination Leaflet in the UK|
|Jan 6, 2017 10:00 HKT/SGT|
|Procesos MC Peru to Start Accepting JCB Cards in Peru|
|Dec 12, 2016 14:00 HKT/SGT|
|JCB International and CIMB Bank Singapore with Wirecard seal Merchant Acquisition partnership|
|Nov 30, 2016 16:00 HKT/SGT|
|Co-Operative Bank to issue JCB Debit Card in Myanmar|
|Nov 21, 2016 08:00 HKT/SGT|
|BRI Launches JCB Platinum Credit Card for Travelers|
|Nov 14, 2016 13:00 HKT/SGT|
|PayMaya Philippines, JCB team up to widen JCB cards acceptance in the Philippines|
|Oct 14, 2016 14:00 HKT/SGT|
|Belinvestbank JSC is the First JCB Acquiring Bank in Belarus|
|Oct 14, 2016 10:00 HKT/SGT|
|Bank Saint Petersburg to Start Accepting JCB Cards|
|Sept 26, 2016 09:00 HKT/SGT|
|Bank of Bhutan to Start Accepting JCB Card|
|Sept 8, 2016 09:30 HKT/SGT|
|JCB to offer Apple Pay in Japan|
|More news >>|