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Tuesday, 7 May 2013, 11:30 HKT/SGT

Source: JCB
JCB and Bank Negara Indonesia Sign Issuing and Acquiring Partnership

TOKYO & JAKARTA, May 7, 2013 - (ACN Newswire) - PT. JCB International Indonesia ("JCBIIDN"), the subsidiary of JCB International Co., Ltd. ("JCBI"), the international operations subsidiary of JCB and leading commercial Bank Negara Indonesia ("BNI") are pleased to announce the signing of a card issuing and merchant acquiring partnership.

BNI has a long history as the first bank in Indonesia established by the national government in 1946, and now is a major commercial bank with 1.636 branches and a network of 8.279 ATMs throughout the country. BNI is top level in the card market as well, in both number of cards issued and number of merchants acquired. JCB cards are today issued in 16 countries with 79 million cardmembers and accepted at 23 million merchants in 190 countries and territories around the world. Since JCBI entered into the Indonesian market in 1983 to expand JCB card acceptance and have been increasing convenience for JCB cardmembers largely based in Japan, China, Korea, Taiwan, and other Asian countries who travel to Indonesia. With this new partnership, JCBIIDN are looking forward to expanding the JCB brand through the BNI network in the market that is expected to grow strongly in the future, and BNI is aiming to improve services to meet the diversifying needs of its customers as the economy grows.

"We are very glad that BNI, a prestigious leading bank in Indonesia, has become our new partner," said Kimihisa Imada, Deputy President of JCBl. "I am sure that BNI's robust brand trusted by Indonesian consumers and our Japan based quality brand will create new value for customers in Indonesia. We are committed to actively invest and bring in our expertise in both quality of services and technologies that we developed in the world in order to contribute to Indonesian payment industry."

Director of Consumer & Retail BNI, Darmadi Sutanto stated, "Collaboration with JCBIIDN is a new breakthrough in the deepening base lending in the retail sector. JCB itself has been widely known as a provider of international payment services, so as to give pride to customers who have JCB cards. Cooperation between JCBIIDN and BNI is expected to increase the level of credit cards ownership, so that the amount that will ultimately encourage the flow of cheap money into BNI from low cost of fund product."

"We believe this partnership will be able to encourage the public's willingness to try new product BNI credit card, especially for the staff who work in a large company, BNI customers from Japan, Japanese expatriates, the Japanese community in Indonesia, and fanatical users items from Japan," Darmadi said.

BNI will be phasing in JCB card acceptance at 40.000 merchants in Indonesia starting October 2013, and plans to launch a JCB Platinum credit card by December in the same year.

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 79 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 .

About Bank Negara Indonesia

BNI is one of the major banks in Indonesia with 1.636 branches and credit centers across Indonesia, as well as 6 (six) overseas branches (Singapore, Hongkong, Tokyo, New York, London, and the newest one in Osaka), and representative offices in several Middle East and southeast Asia countries. In terms of electronic network, BNI is equipped with 8.279 ATMs, 25.000 Link ATMs, and 41,000 ATM Bersama, as well as 24 hour BNI Call at (021)500046 or 68888 (via cell phones), and SMS Banking and BNI Internet Banking at www.bni.co.id to meet banking transaction needs with dozens of features. For corporate customers, BNI provides online cash management service, trade finance, international trade (export/import) and remittance supported by overseas branches network and around 1.500 corresponding banks accors the world. BNI has been registered in Indonesia Stock Exchange (IDX) since 1996 with the stock symbols of BNI.

-- The Best Trade Finance Bank in Indonesia 2012 from The Asian Banker Achievement Awards 2013 for Cash, Payment and Trade Finance Category in Indonesia 2013, Jakarta, 24 April 2013
-- Top 20 Indonesia Most Admired CEO 2013 from Warta Ekonomi Jakarta, 26 February 2013.
-- Best Cash Management Solution Of The Year In Southeast Asia 2012 & The Best Remittance Provider of the Year in Southeast Asia, from 2009, 2010, 2011, to 2012. Presented by Alpha Southeast Asia Magazine, Kuala Lumpur, 31 January 2013.
-- Indonesia Best Overall Corporate Governance, Indonesia Best for Disclosure & Transparency, Indonesia Best for Investor Relations, Indonesia Best for Shareholder's Right and Equitable Treatment, also Indonesia Best for Responsibilities and Ethical Behaviour of Management And The Board of Director from Asiamoney Magazine, Jakarta, 30 January 2013
-- The 1st Best Tabungan Konvensional/ Conventional Saving Product (Taplus BNI) and The 1st Best Kartu Debit (Debit Card Provider) from Infobank Digital Brand of The Year 2012, Jakarta, 29 January 2013.
-- The Amazing Stars Men's Obsession's 9 Tough CEO's 2012-2013 for President Director of BNI Gatot M Suwondo, 28 January 2013.


JCB International Co., Ltd.
Ayako Tanaka, Junko Asaoka, Corporate Planning
ayako.tanaka@jcb.co.jp, junko.asaoka@jcb.co.jp

PT. JCB International Indonesia
Perriz Azwir, Deputy General Manager

Bank Negara Indonesia
Tribuana Tunggadewi, Corporate Secretary BNI

Topic: Business Tieup
Source: JCB

Sectors: Cards & Payments, Daily Finance, Daily News
From the Asia Corporate News Network

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