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Wednesday, 29 January 2014, 15:00 HKT/SGT
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Source: JCB
ACLEDA Bank to Start Accepting JCB Cards in Cambodia

TOKYO, Jan 29, 2014 - (ACN Newswire) - JCB International Co., Ltd. ("JCBI"), the international operations subsidiary of JCB Co., Ltd., has started JCB merchant acquiring operations with ACLEDA Bank Plc. ("ACLEDA"), one of the major commercial banks in Cambodia. With this launch, JCB cards will be accepted at over 650 locations throughout the country.

Cambodia is a rapidly growing country with more than 6% of annual economic growth rate since the beginning of 2000s, and increasing attractiveness as a new investment destination as well as other Mekong region countries. It is expected that there is growing demand for acceptance of payment cards from business visitors and tourists coming to Cambodia.

Mr. Kimihisa Imada, Deputy President of JCBI, said, "I believe that the acceptance of JCB cards by ACLEDA will improve the brand awareness of JCB and bring more benefit and convenience to merchants and JCB cardmembers visiting the country."

"We expect that the need for payment card acceptance will further grow in Cambodia because an increasing number of people are visiting this country every year. We feel it is important for us to cater to such need particularly among JCB cardmembers in neighboring countries such as Thailand and Vietnam. We look forward to exploring further business opportunities such as card issuance in the near future, and establishing win-win relationship with ACLEDA," he added.

About ACLEDA

ACLEDA is one of the major commercial banks in Cambodia whose headquarter is located at #61, Preah Monivong Blvd., Srah Chork, Daun Penh, Phnom Penh. Since in 1993, the bank has been constantly focusing on microfinance and expanding their business in the financial and banking sectors. The bank has more than 240 branches nationwide and more than 20 branches in Laos and Myanmar and covers wide fields of financial and banking business.

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 about 25 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 82 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

Contact:
JCB International Co., Ltd.
Ayako Tanaka
Corporate Planning
Phone: +81-3-5778-8390
Email: jcbinternational-pr@info.jcb.co.jp

Topic: General Announcement
Source: JCB

Sectors: Cards & Payments, Daily Finance, Daily News
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