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Monday, 3 August 2015, 11:00 HKT/SGT
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Source: JCB
Banamex to Start Accepting JCB Cards in Mexico

Mexico City and Tokyo, Aug 3, 2015 - (ACN Newswire) - Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex (Banamex), a leading commercial bank in Mexico, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced a new partnership for JCB merchant acquiring business in the Mexican market. With this partnership, JCB cards will be accepted at more than 70,000 Banamex merchants in Mexico starting this year.

Banamex is part of Grupo Financiero Banamex and member of Citigroup. It is a leading bank with a wide branch network of more than 1,540 branch offices and over 7,140 ATMs in Mexico, and is making remarkable progress in its card business with a large retail customer base. This partnership allows both the merchants affiliated to Banamex to add a new brand as a sales opportunity, and JCBI to offer its over 89 million cardmembers wider acceptance in Mexico.

Mexico is a very popular destination with more than 29 million international tourists in 2014, up 20.5% over the prior year. In addition to tourism, Mexico's auto industry has been booming and the country has become a hub for global automobile distribution, drawing an increasing number of business travelers.

Kimihisa Imada, Deputy President of JCBI, said, "Mexico is one of the most important markets for JCB's global business expansion and we are pleased to welcome our new partner to the JCB network. I am certain this new partnership with Banamex will bring more benefits and convenience to JCB cardmembers visiting the country. We look forward to exploring further business opportunities such as card issuance in the near future."

Alejandro Gomez Urquiza Yarza, Cards and Acquiring Banking Head of Banamex, said "Banamex Acquiring Business has always looked for new technologies and alliances that allow affiliated merchants to increase their sales. We are sure this alliance with JCBI will support our objective. Also, our commitment to merchants service will ensure a satisfactory experience for the JCB cardmembers, both those currently residing in Mexico and those who travel for vacation or business. Banamex welcomes the JCB cards".

About Banamex

On June 2, 1884, the merger of Banco Nacional Mexicano and Banco Mercantil Mexicano gave life to the Banco Nacional de Mexico (Banamex). In August 2002, after meeting the requirements of U.S. and Mexican authorities, Banamex joined Citigroup, a leading global financial institution with presence in more than 100 countries. From November of the same year, branches, products and services of Citibank and Banca Confia (originally part of Citibank Mexico) joined the technological platform and Banamex service. For more information, visit: https://www.banamex.com

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 29 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 19 countries and territories, with over 89 million card members. 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 card member 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 2015.

Contact

Banamex
Enrique Ballester Medina
Communication
Phone: +52 55-12-26-13-34
Email: enrique.ballestermedina@banamex.com

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

Topic: New market for product
Source: JCB

Sectors: Cards & Payments
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