English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 5 September 2013, 09:00 HKT/SGT
Share:
    

Source: JCB
BRAC Bank to Start Accepting JCB Cards in Bangladesh

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

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 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

Contact:
JCB International Co., Ltd.
Ayako Tanaka, Junko Asaoka
Corporate Planning Department
+81-3-5778-8390
[email protected]

Topic: New market for product
Sectors: Cards/Payments, Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

JCB Releated News
Nov 21, 2017 16:00 HKT/SGT
Nets Group launches JCB's J/Speedy NFC mobile technology first in Europe
Nov 17, 2017 20:00 HKT/SGT
JCB Special Offer at Changi's Mystical Garden with Sanrio Characters
Nov 14, 2017 12:00 HKT/SGT
First Corporate Credit Card in Myanmar Introduced by Ayeyarwady Bank as AYA Universal Corporate MPU-JCB Co-Branded Card
Nov 6, 2017 22:00 HKT/SGT
15th JCB World Conference Held in Taipei
Oct 31, 2017 12:00 HKT/SGT
JCB Makes an Alliance for Mobile Payment with TWMP, a Major Payment Service Operator in Taiwan
Sept 28, 2017 14:00 HKT/SGT
ICCREA and JCB enter into a new partnership for merchant acquiring business
Sept 15, 2017 14:00 HKT/SGT
JCB International and Adyen sign global acquiring agreement, as extension to the existing SEPA agreement
Sept 15, 2017 14:00 HKT/SGT
JCBI and Truevo have signed a license agreement for on-line and face-to-face acceptance of JCB Cards
Aug 28, 2017 15:00 HKT/SGT
JCBI and Russian Agricultural Bank signed a new partnership on acquiring and issuing JCB cards
July 27, 2017 14:00 HKT/SGT
BDO JCB Platinum Credit Card Launch
More news >>
Copyright © 2017 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 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: