English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 10 March 2020, 17:00 HKT/SGT
Share:
    

Source: JCB / PJSC Kyrgyzkommertsbank
JCB International signs License Agreement with Kyrgyzkommertsbank to start acceptance of JCB cards in Kyrgyz Republic

Bishkek, Kyrgyz Republic and Tokyo, Japan, Mar 10, 2020 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and PJSC Kyrgyzkommertsbank, one of the leading banks in the Kyrgyz Republic announced signing a License Agreement for building a JCB card acceptance network and to start JCB merchant acquiring operations in the Kyrgyz Republic.

All JCB cardmembers travelling to Bishkek and other cities of the Republic will be able to use their JCB cards for purchases at merchants and for cash withdrawals at ATMs of Kyrgyzkommertsbank throughout the Kyrgyz Republic by the end of 2020.

This partnership will allow both the merchants affiliated to Kyrgyzkommertsbank to add a new payment system brand as an incremental sales opportunity, and JCB to offer cardmembers wide acceptance during tourist and business stays in the Kyrgyz Republic.

JCB is one of the major international payments brands and the only one originated in Japan. There are more than 130 million JCB cardmembers in the world, and JCB cards are accepted at 33 million associated merchants.

Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented, "We are delighted to announce that Kyrgyzkommertsbank, a bank with a reliable and stable reputation and having a long history of success in the financial market of the country will start accepting JCB cards in the Kyrgyz Republic. The Kyrgyz Republic has one of the closest relationships with Japan among Central Asian countries, and we see an increasing number of travelers from Russia and China which are countries where JCB's card issuing business is growing rapidly. We hope that the cooperation with Kyrgyzkommertsbank will help to create a more comfortable and hospitable environment for JCB cardmembers from these countries".

"Evolvement of non-cash turnover in Kyrgyzstan is one of our strategic priorities. Developing cooperation with JCB, Kyrgyzkramdsbank will simplify payments with cards for tourists from East and South-East Asia. JCB cardholders traveling in Kyrgyzstan will be able to use their cards to pay for purchases and withdraw cash at Kyrgyzkommertsbank ATMs throughout Kyrgyzstan. This partnership will allow trading companies cooperating with Kyrgyzkommertsbank to get new sales opportunities with the help of the global financial brand," commented Erik Usubaliev, Deputy Chairman of the Board of Kyrgyzkommertsbank.

About PJSC Kyrgyzkommertsbank

PJSC Kyrgyzkommertsbank is a Kyrgyz-Japanese bank that provides a wide range of banking services in the Kyrgyz Republic and has been operating effectively in the financial market for over 27 years.

Constantly improving and keeping up with the most modern international trends, the Bank is a stable and reliable financial institution of the Kyrgyz Republic.

The main areas of business: deposit placement, lending, settlements and cash services for legal entities and individuals, operations with securities, foreign currency, issuing and servicing of credit and payment cards. The Bank has the highest status of Principal Member of the international payment systems, Visa, Mastercard and Union Pay International. It serves Visa, Mastercard, Maestro, American Express, Union Pay International and Elcard cards. Additional information about Kyrgyzkommertsbank is available on the official website of the bank www.kkb.kg

About JCB

JCB is a major global payment 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. As part of its international growth strategy, JCB has formed alliances with hundreds of 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.global.jcb/en/.

CONTACT
JCB
Kumiko Kida
Corporate Communications
Tel: +81-3-5778-8353
Email: kumiko.kida@jcb.co.jp

Topic: Press release summary
Source: JCB / PJSC Kyrgyzkommertsbank

Sectors: Cards & Payments, Daily News, Regional, Local Biz
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
World CyberCon META Wraps Up, Highlighting Dubai's Expanding Cybersecurity Prowess  
May 30, 2024 22:47 HKT/SGT
Varia Reports Strong Q4 FY2024 with RM65.78 Million in Revenue with PBT of RM1.99 Million  
May 30, 2024 21:53 HKT/SGT
Minetech Records RM128.14 Million Revenue in 12M FY2024 amidst Challenging Market Conditions  
May 30, 2024 21:32 HKT/SGT
The $Bobby Token launches at Consensus 2024; Announces Kennedy Campaign Community Activator, Kyle Kemper, as Advisor  
May 30, 2024 19:06 HKT/SGT
Moolec Science Presents Third Quarter Fiscal Year 2024 Business Update  
May 30, 2024 18:00 HKT/SGT
Simplify Green Claim Verification and Certification With the SGS Green Mark  
May 30, 2024 17:00 HKT/SGT
Revolutionizing Tech: Universal Tech Expo 2024 Ignites Innovation in the Heart of Southeast Asia  
May 30, 2024 16:25 HKT/SGT
Amazfit Elevates Smartwatch Technology with Updated AI-Powered Zepp OS 3.5  
May 30, 2024 16:00 HKT/SGT
Kardome Partners with KT Corporation to Provide Voice AI Technology to IPTV Service Users  
May 30, 2024 15:00 HKT/SGT
Navigating Challenges and Seizing Opportunities in an Evolving Satellite Landscape  
May 30, 2024 14:14 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575