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Friday, 27 May 2016, 10:00 HKT/SGT
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Source: JCB
JCB Signs Issuing License Agreement with Ctrip Financial Service (Hong Kong) Limited

TOKYO, May 27, 2016 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), international operations subsidiary of JCB Co., Ltd., today announced that it signed a license agreement for issuing prepaid cards for abroad (electronic travel checks*) with Ctrip Financial Service (Hong Kong) Limited (Ctrip), a subsidiary company owned by Ctrip.com International Ltd., which is the first online travel agency in China.

Ctrip operates websites and apps and provides online reservation services mainly in China for travel related products such as hotel, airline tickets and railway in more than 200 countries around the world. The prepaid card can be used by loading foreign currencies before travelling abroad, and can be reloadable. It can be used at all of the JCB worldwide acceptance locations, and the product will provide speedy, convenient and safe payment experience for the over 120 million Chinese who travel abroad each year for the purpose of leisure, business and studying.

Kimihisa Imada, Vice President of JCBI stated, "I am delighted to have a partnership with Ctrip, the largest online travel agency in China, to issue prepaid card. The number of Chinese travellers is expected to grow rapidly and I am confident that this prepaid card will satisfy the demand of such people. This partnership would be the great opportunity for JCBI to add more value on our product line-up and widen our target range. JCBI is committed to developing products and services that meet diverse consumer needs and lifestyles by cooperating with Ctrip."

* This card can be used only in countries other than China.

About JCB

JCB is a global payments 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 around 30 million merchants and over 1 million cash advance locations in 190 countries and territories. JCB cards are now issued in 20 countries and territories, with more than 93 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally, increasing its merchant coverage and card holder 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

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

Topic: Business Tieup
Source: JCB

Sectors: Cards & Payments
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