CIMB Niaga inks card issuing and merchant acquiring deal with JCB International

JCB cards can now be used in Indonesia.

In a release, PT. Bank CIMB Niaga Tbk and PT. JCB International Indonesia, a subsidiary of JCB International Co, Ltd. announced the commencement of partnership for credit card issuance and merchant acquiring business.

With growing number of Japanese business community and tourists visiting Indonesia, developing the merchant acquiring business in Indonesia will provide acceptance platform for JCB cards to be used within Indonesia.

JCB and CIMB Niaga are due to launch the merchant acquiring business in July 2013 and are ready to accept JCB card as means of payment, starting with Jakarta and Bali as the first area to be focused.

Having JCB as a new principal for credit card issuing business provides CIMB Niaga with more credit card products to target the affluent segments.

With the strong presence of JCB merchants across East Asia, especially Japan, Korea and China, the new CIMB Niaga JCB Credit Card will provide benefits to the cardmembers since many of the cardmembers from this segment are traveling to those countries. CIMB Niaga and JCB will launch CIMB Niaga JCB Credit Card in early 2014.

This credit card product will provide the cardholders with strong and interesting benefit in traveling, shopping and dining.

"This partnership with one of the leading banks in Indonesia is a remarkable step forward for JCB to increase its presence in this market," said Hiroshi Terada, Director of JCB International.

"CIMB Niaga is a rapidly growing bank with its card business by providing a variety of benefits to its customers, in particular, the ones catered to its premium customers, such as golf and fine dining. JCB can top them up with its unique worldwide services which will meet CIMB Niaga's customers' diversifying needs."

Terada added, "The network of CIMB Niaga's selective merchants will provide more convenience to JCB Cardmembers visiting Indonesia from abroad as well as residing in Indonesia.

As the number of JCB Cardmembers are sharply increasing in Asia, it will be a great benefit for CIMB Niaga's merchants to become able to better serve their customers by offering an additional payment option." He also said, "With the success of this partnership, we would really like to broaden the partership with CIMB Group to cover the whole ASEAN region."