|
Friday, 27 July 2018, 15:00 HKT/SGT | |
| | | | Source: JCB / ACBA | |
|
|
|
JCB expands its acceptance network in Armenia |
TOKYO, July 27, 2018 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and ACBA-Credit Agricole Bank, one of the largest banks in Armenia, are pleased to announce that ACBA-Credit Agricole Bank has started JCB merchant acquiring operations across the country.
ACBA-Credit Agricole Bank, a leading bank in Armenia for agriculture financing, has begun servicing JCB cards in the acquiring network and in a network of self-service devices. ACBA-Credit Agricole Bank includes 58 branches throughout Armenia, 1,400 POS-terminals, and has one of the most developed networks of ATMs in the country. The Bank provides innovative and effective financial solutions with an emphasis on the agricultural sector of the country. JCB is one of the largest international payment brands. It has more than 110 million JCB card members in 24 countries and regions. Currently JCB cards are accepted at around 30 million merchants in the world.
Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented: "The partnership with a leading financial bank of Armenia is a remarkable step forward for JCB to raise its presence in the CIS market. This is a significant moment for JCB card members around the world, especially for Russian JCB card members as Armenia is one of the key business and tourist destinations for Russians. In addition, as last year the visa-free regime for Japanese tourists was granted, a growing flow of tourists from Japan is also expected. The expanding of JCB card acceptance in Armenia will bring more benefits and convenience to JCB card members."
Hakob Andreasyan, the Chief Executive Director of ACBA-Credit Agricole Bank, commented: "We are glad to announce that ACBA-Credit Agricole Bank has started the servicing of JCB cards in Armenia. The whole ATM network of the Bank will soon be upgraded with the functionality to accept JCB cards and the merchants collaborating with the Bank in card servicing also have the opportunity to activate and accept JCB cards on the POS terminal devices installed in their stores. Before this an extensive acceptance of JCB cards like this was not possible in Armenia. This is a new stimulus for the development of tourism in Armenia, as tourists visiting Armenia can now freely make payments at Armenian merchants using their JCB cards, as well as withdraw cash using the Bank's ATM network and the branches. We are sure that our cooperation with JCB brand will bring a new level of convenience and opportunities for mutual customers."
About ACBA-Credit Agricole Bank
ACBA-Credit Agricole Bank is the exclusive representative of the American Express payment system in Armenia. The bank also issues and provides services for international VISA and MasterCard, as well as domestic ArCa payment cards. The bank gives an opportunity to manage accounts without visiting branches via ACBA Online system and ACBA Mobile application. The bank operates the following money transfer systems for individuals: MoneyGram, Unistream, Ria Money Transfer, Xpress Money, Sigue Money Transfer and Converse Transfer. ACBA-Credit Agricole Bank has 58 branches (including the head office): 17 in Yerevan and the rest in the 10 marzes of Armenia, and more than 170 ATMs in the entire territory of Armenia. Direct significant participants are "ACBA FEDERATION" CJSC - 72%, Credit Agricole Stock Company - 15.56% and SACAM International SJSC - 12.44%.
About JCB
JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. 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 card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. Currently, JCB cards are accepted globally and issued in 24 countries and territories. For more information, please visit: https://www.global.jcb/en/ or http://www.ru.jcb/ru/ Note: Statistics about JCB are as of June 2018.
Contact Narek Asatryan ACBA-Credit Agricole Bank CJSC Marketing Communications Division Tel: (+374) 77 70 04 97 Email: narek.asatryan@acba.am
Kumiko Kida JCB Co., Ltd. Corporate Communications Department Tel: +81-3-5778-8353 Email: jcb-pr@info.jcb.co.jp
Topic: Press release summary
Source: JCB / ACBA
Sectors: Cards & Payments, Daily News, Local Biz
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
Digital China Holdings Limited announces 2024 Interim Financial Results
Sept 2, 2024 18:13 HKT/SGT
|
|
|
Terrific Texas fight back from TOYOTA GAZOO Racing
Monday, September 2, 2024 4:09:00 PM
|
|
|
Dida Inc. Announced 2024 Interim Results, Adjusted Net Profit Increased by 51.3%
Sept 2, 2024 15:10 HKT/SGT
|
|
|
Eisai Announces Status Relating to Acquisition of Own Shares
Monday, September 2, 2024 2:12:00 PM
|
|
|
Dida Inc. Announced 2024 Interim Results, Adjusted Net Profit Increased by 51.3%
Sept 2, 2024 12:05 HKT/SGT
|
|
|
TANAKA Memorial Foundation to Offer Precious Metals Research Grants of Up to 10 Million Yen (from a Grant Pool of 20 Million Yen)
Monday, September 2, 2024 10:00:00 AM
|
|
|
India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA Report
Sept 1, 2024 22:00 HKT/SGT
|
|
|
CALB Group Announces 2024 Interim Results
Sept 1, 2024 20:53 HKT/SGT
|
|
|
Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead
Sept 1, 2024 08:00 HKT/SGT
|
|
|
GF Securities Announces its 2024 Interim Results
Aug 31, 2024 12:12 HKT/SGT
|
|
|
|
More Press release >> |
|
|
|