|Wednesday, 13 March 2013, 18:00 HKT/SGT|
Madrid & Tokyo, Mar 13, 2013 - (ACN Newswire) - Banco Bilbao Vizcaya Argentaria (BBVA), a major international financial group, is starting JCB merchant acquiring operations in Spain based on a license agreement with JCB International (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan. BBVA will start facilitating JCB acceptance at BBVA-acquired merchants throughout Spain.
BBVA will now be able to serve its merchants better by offering them the opportunity to capture JCB card sales along with other global payment brands as well as helping merchants give customers the opportunity to pay with their preferred card.
BBVA facilitation of JCB card acceptance at its merchants will significantly increase JCB brand coverage in Spain. JCBI will also work even more closely with its other partners in the region to improve JCB card acceptance and to expand the issuing business, providing more convenience and services to JCB cardmembers from around the world.
BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, it is the largest financial institution in Mexico and it has leading franchises in South America and the Sunbelt Region of the United States. Its diversified business is biased to high-growth markets and it relies on technology as a key sustainable competitive advantage. BBVA ranks among the leading Euro zone banks in terms of ROE and efficiency. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. For more information, visit: http://www.bbva.com/TLBB/tlbb/ing/index.jsp .
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 78 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 .
Banco Bilbao Vizcaya Argentaria
Maria Jose Berrozpe Sallee
Comunicacion Corporativa Espana y Portugal
Tel. +34 91 174 52 49 - Movil: +34 690 668 063
JCB International Co., Ltd.
Ayako Tanaka, Masayasu Okada
Corporate Planning Department
Topic: Business Tieup
Sectors: Cards & Payments
From the Asia Corporate News Network
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