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Tuesday, 6 October 2015, 13:00 HKT/SGT
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Source: JCB
First JCB Card in Mongolia Introduced by State Bank of Mongolia

Ulan Bator and Tokyo, Oct 6, 2015 - (ACN Newswire) - JCB International Co, Ltd. ("JCBI"), the international operations subsidiary of JCB, and State Bank, a government-run bank in Mongolia, are pleased to announce the start of issuing JCB debit cards to the people of Mongolia, who will be able to enjoy JCB's global merchant network with about 29 million acceptance locations. Mongolia is the 20th country where the JCB card is issued.

First JCB Card in Mongolia Introduced by State Bank of Mongolia

Kimihisa Imada, Deputy President of JCBI stated, "The new card issuing partnership with State Bank offers JCBI the opportunity to launch the JCB brand in Mongolia, a market with a high potential for growth in both card issuing and merchant acquiring business, as the central bank is making progress on building the payments infrastructure. I am delighted that the partnership enables State Bank and JCBI to provide people in Mongolia with more attractive services such as JCB Plaza Lounges and other T&E services that embody the Japanese spirit of hospitality."

D. Batsaikhan, CEO of State Bank said, "State Bank has started to accept JCB cards through Bank of Mongolia since March 2014. Since then, we have stepped up our partnership to the next level as the first issuer of JCB card in Mongolia. It is a great honor for us to have such a world brand as a partner. We are aiming to provide services to the tourist and travelers on business from both countries and also for the Mongolian people who are living and studying in Japan. We hope that our partnership will introduce more attractive services to cardmembers from both countries."

About JCB

JCB is a 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 more than 89 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 card-member base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. More information about JCB is also available on the website: www.jcbcorporate.com/english

Note: JCB statistics are as of the end of March 2015.

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

State Bank
Mandakhnaran.A.
Tel: 976-11-31-1-3
Email: mandakhnaran.a@statebank.mn

Topic: New market for product
Source: JCB

Sectors: Cards & Payments
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