|Wednesday, 4 November 2015, 09:00 HKT/SGT|
Phnom Penh, Cambodia and Tokyo, Japan, Nov 4, 2015 - (ACN Newswire) - Cambodian Public Bank Plc. (Campu Bank), a leading commercial bank in the Kingdom of Cambodia ("Cambodia"), and JCB International Co., Ltd. (JCBI), the international operating subsidiary of JCB Co., Ltd., today announced that Campu Bank has launched JCB merchant acquiring service to accept JCB cards at about 650 locations including their merchant terminals and ATMs in Cambodia.
|Cambodian Public Bank accepts JCB Cards|
Campu Bank is a wholly-owned subsidiary of Public Bank Berhad which is one of the largest and strongest domestic banking groups in Malaysia. Campu Bank has been accorded with a number of prestigious international awards - "Domestic Retail Bank of the Year - Cambodia" for four consecutive years from 2012 to 2015 by the reputable publisher, Asian Banking & Finance magazine and "USD Straight-Through-Processing Excellence Award" by Deutsche Bank, New York for four consecutive years from 2011 to 2014.
Phan Ying Tong, Regional Head of Indo-China Operations, said, "The number of tourist arrivals and investors from Japan is on the increasing trend for the past few years and the launch of the merchant acceptance service and ATMs to accept JCB cards by Campu Bank is very timely to cater to this market segment. We believe this partnership will add value to the card acceptance network, provide greater convenience to JCB card members and contribute towards the growth of tourism in Cambodia."
Kimihisa Imada, Deputy President of JCBI, said, "We are positioning Mekong region as a strategically important market for JCB global business expansion. Tourists from Asia Pacific such as Japan, China, Korea, Thailand, and Vietnam, where we are expanding JCB cardmember base, are expected to increase more and more because of its geographic closeness and attractive destination for business investment. We also look forward to exploring further business opportunities with Campu Bank such as card issuance in the near future."
About Campu Bank
Commenced banking business in Cambodia in 1992, Campu Bank has become one of the leading commercial banks in Cambodia with a network of 27 branches. Campu Bank's paid-up capital of USD90 million is one of the highest among the commercial banks in Cambodia. For more information about Campu Bank, visit the company's Web site at www.cpbebank.com.
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 are as of the end of March 2015.
JCB International Co., Ltd.
Cambodian Public Bank Plc.
Head of Card Centre
Phone: +855 23 222909
Topic: New market for product
Sectors: Cards & Payments
From the Asia Corporate News Network
Copyright © 2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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