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Friday, 29 July 2016, 16:00 HKT/SGT

Source: JCB
Takashimaya Viet Nam to Start Issuing Credit Cards with JCB and Vietcombank

TOKYO, July 29, 2016 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), international operations subsidiary of JCB Co., Ltd., today announced that Takashimaya Company, Limited (Takashimaya) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will start issuing JCB credit cards on July 30, 2016.

Takashimaya's new Ho Chi Minh City Takashimaya is located in the Saigon Centre shopping center, opening on July 30. Takashimaya has 19 department stores in Japan and one each in Singapore and Shanghai. Vietcombank is the largest bank in terms of card transaction amount in Vietnam. It has had an alliance with JCBI in merchant acquiring business since 1991 and has been issuing JCB cards since 2012.

Cardmembers receive points with purchases at shops and restaurants in Saigon Centre and all Takashimaya department stores including Singapore, Shanghai and Japan. Points can be redeemed for gift cards and other rewards.

Hideyuki Yamamoto, President of Takashimaya Viet Nam Ltd. stated, "On 30 July, Ho Chi Minh City Takashimaya will open the first Takashimaya department store in Vietnam. Ho Chi Minh City Takashimaya will provide attractive products and the best services, offering high quality life styles to customers. We are already issuing JCB brand cards in Japan, and we are excited to be able to do the same in Vietnam. Adding the JCB international card to our brand means that our customers can take advantages of JCB's wide acceptance and money saving privileges, enhancing the status of the card. We are confident that this contributes to our goal, providing the best services."

Kimihisa Imada, Deputy President of JCBI stated, "I am delighted to tie-up with such leading companies as Takashimaya and Vietcombank, who have long-term relationships with JCB. This new alliance will enable Takashimaya to improve customer services and Vietcombank and JCBI to promote shopping by cardmembers as well as expand the JCB cardmember base in Vietnam. JCB focuses on businesses in the ASEAN market just as Takashimaya does, and I am hoping to further strengthen our partnership to provide local customers with more services for their shopping."

- Card type: Credit Card (standard)
- Takashimaya point: 1.7% of shopping amount
- Saigon Centre shop point: 0.85% of shopping amount
- Points at other locations: 0.1% of shopping amount
- Annual fee: 100,000 dong
- Point Gift Card (reward)
Point Gift Card can be used at selected shops in Saigon Centre.
When cardmembers earn 200,000 points or more, they can receive a Bonus Point Gift Card worth 200,000 dong.
Note: Gift cards provided as rewards are available only in Vietnam.

About JCB

JCB is a major global payments brand and a leading payment 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 31 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 21 countries and territories, with more than 95 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, please visit: www.jcbcorporate.com/english

About Takashimaya Viet Nam

Address: 65 Le Loi Blvd., Ben Nghe Word, District 1, Ho Chi Minh City, Vietnam
Established: September 13, 2013
Capital: 32 mil. USD
President: Hideyuki Yamamoto
Business Areas: Retail, Wholesale, Import/Export

About Vietcombank

Established in 1963, Vietcombank is always one of the biggest commercial banks in Vietnam with the strategic partner of Mizuho Bank, prestigiously offering such a wide range of financial services. To be more highlighted, Vietcombank is also the pioneer to the extent of card products and services in Vietnam market. Thanks to the continuously strong efforts of diversifying products, enhancing services quality and applying advanced technologies in the card business as well as expanding the merchants and ATMs network nationwide, Vietcombank has firmly maintained the position as a leading bank in Vietnam card market over the past 20 years. Before the launching of Saigon Centre-Takashimaya-Vietcombank Co-branded Card, Vietcombank has successfully cooperated with partners in several areas, for instance, airlines, retail, travel, etc. For more information, please visit www.vietcombank.com.vn.

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

Topic: Press release summary
Source: JCB

Sectors: Cards & Payments, Daily News
From the Asia Corporate News Network

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