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Bangkok and Tokyo, Feb 23, 2016 - (ACN Newswire) - Krungsri Consumer, a leader in credit card and personal loan business in Thailand, and JCB International Co., Ltd. (JCBI), the international operating subsidiary of JCB Co., Ltd., today announced the official launch of JCB credit card issuing in Thailand.
Krungsri Consumer is a leading provider of credit card, personal loan and sales financing businesses in Thailand. It has a combined customer portfolio of over 7 million accounts, the biggest portfolio in Thailand. JCB cards are today issued in 20 countries with 91 million cardmembers and accepted at over 29 million merchants around the world. JCB entered into the Thai market in 1989. With the strong presence of JCB merchants across Asia Pacific including Japan, Korea, and China, the card will provide benefits to the cardmembers who travel those areas.
The holders of Krungsri JCB Platinum Card can get exclusive benefits such as several airlines' mileage in exchange for their credit card points, triple points by card spending in Japan, and cash back benefits at selected restaurants in Thailand and Universal Studios Japan. In addition, they also can enjoy JCB platinum services such as special services at authentic Japanese restaurants, special discounts at popular chain restaurants, and special price for rental pocket WiFi.
Thakorn Piyapan, Head of Krungsri Consumer Group, said "As a subsidiary of Bank of Tokyo Mitsubishi UFJ (BTMU), one of the world's largest financial institutions, one of Krungsri Consumer's key strategies is to leverage our strong partnership network in Japan to enhance our capabilities in delivering superior products and services to satisfy the needs of our cardholders. It is such a privilege for us to partner with JCBI, a leading payment brand in Japan and Asia Pacific. We are confident that our cardholders who love Japanese-related lifestyle will be pleased with the ultimate Japanese-related experience offered by Krungsri JCB Platinum Card."
Ichiro Hamakawa, President and Chief Executive Officer of JCB Co., Ltd. and Vice Chairman of JCBI, said, "This partnership with a leading commercial financial institution in Thailand is a remarkable step forward for JCBI to increase its presence in this market. KCC is a rapidly growing company, providing a variety of benefits to its customers. JCBI can top them up with our unique services, especially in Japan as well as Thailand, which will meet customers' diversified needs, in particular the ones catering to premium customers. I am confident that the issuance of KCC JCB Platinum cards will allow both of us to continue growing business and satisfy our customers."
About Krungsri Consumer
Krungsri Consumer is a subsidiary of Krungsri Group, Thailand's leading banking group. A leading provider of credit card, personal loan and sales financing businesses, Krungsri Consumer has a combined customer portfolio of over 7 million accounts, the biggest portfolio in Thailand. Its flagship brands include Krungsri Credit Card, Krungsri First Choice, Central Credit Card, and Tesco Lotus Visa Card.
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 91 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 September 2015.
Contact
Krungsri Consumer
Nongyao Termsirilert, Phone: +66-2-627-8319, Email: Nongyao.Termsirilert@krungsri.com
Menath Parintithipa, Phone: +66-2-627-8320, Email: Menath.Parintithipa@krungsri.com
JCB International Co., Ltd.
Ayako Tanaka
Corporate Planning
Phone: +81-3-5778-8390
Email: jcbinternational-pr@info.jcb.co.jp
Topic: Press release summary
Source: JCB / Krungsri
Sectors: Cards & Payments, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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