English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 12 July 2012, 19:00 HKT/SGT

Source: JCB
JCBI Opens Office in Brazil

TOKYO, July 12, 2012 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB, the only global payment brand based in Japan, is pleased to announce that JCB International do Brasil Representao Comercial Ltda., founded in March 2012, began operations in So Paulo, Brazil on July 1, 2012. The new company, the first JCBI subsidiary in South America, is responsible for expanding JCB card issuing and merchant acquiring business with partners throughout 12 countries in the continent.

JCB has been building a presence in South America since 1985 when it started a JCB merchant acquiring partnership with Bradesco Turismo in Brazil. In 1997 Cielo (formerly VisaNet Brazil) and JCBI signed a merchant acquiring agreement with over 1 million merchants in Brazil accepting JCB cards today. Despite the physical distance between Brazil and Japan, both countries have a strong relationship going back 104 years to 1908 when the Kasato Maru brought the first wave of immigrants from Japan. There are more than 1.5 million Brazilians of Japanese ancestry, the largest overseas Japanese community in the world.

JCB card is also widely accepted in other South American countries. In Argentina and Uruguay, JCBI entered into the merchant acquiring agreement with First Data Argentina (formerly Argencard) in 1988, and JCB cards are now accepted at most of credit card accepting merchants. In Peru, VisaNet Peru has been JCB's acquiring partner since 2003.

Naotaka Yazawa, Diretor Presidente of JCB International do Brasil Representao Comercial Ltda. commented, "The economy of the countries in South America in particular are growing rapidly. We believe that we can build a large cardmember base and merchant acceptance network in the region in the near future by focusing on strengthening relationships with our existing and potential partners."

About JCB

JCB is a major global payment brand and 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 22 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 77 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 provide responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english .

Note: JCB statistics included in About JCB are as of the end of March 2012.


JCB International Co., Ltd.
Ayako Tanaka, Masayasu Okada
Corporate Planning Department

Topic: Press release summary
Source: JCB

From the Asia Corporate News Network

Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


JCB Related News
Nov 24, 2022 11:00 HKT/SGT
anb and JCB sign acquiring agreement for local acceptance in the Kingdom of Saudi Arabia
Thursday, 10 November 2022, 16:00 JST
JCB and East West Banking Corporation announce the launch of EastWest JCB Credit Card
Wednesday, 2 November 2022, 15:00 JST
JCB partners with NPCI to offer 40% cashback for RuPay JCB cardholders for in-store purchases in Australia, Qatar and UAE
Tuesday, 1 November 2022, 12:00 JST
JCB partners with Nuvei to enable JCB payment acceptance across global markets
Tuesday, 25 October 2022, 12:00 JST
JCB and Trust Payments welcome increased JCB acceptance across 48 European regions
More news >>
Copyright © 2022 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: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575