State Bank to Issue JCB Debit Card in Mongolia

Tokyo and Ulan Bator, Oct 14, 2014 - (ACN Newswire) - JCB International Co, Ltd. ("JCBI"), the international operations subsidiary of JCB, and State Bank, a government-run bank in Mongolia, are pleased to announce a new partnership for issuing JCB branded cards to the people of Mongolia. State Bank plans to launch debit card issuing in the spring of 2015. This will mark the first JCB card issuance in Mongolia.



Kimihisa Imada, Deputy President of JCBI stated, "The new card issuing partnership with State Bank offers JCBI the opportunity to launch the JCB brand in Mongolia, a market with a high potential for growth in both issuing and acquiring business, as the central bank is making progress on building the payments infrastructure. I am delighted that the partnership enables State Bank and JCBI to provide people in Mongolia with more attractive services such as JCB Plaza Lounges and other T&E services that embody the Japanese spirit of hospitality."



D.Batsaikhan, CEO of State Bank said, "State Bank has started to accept JCB cards in 270 ATMs, 1600 merchants and 540 branches through Bank of Mongolia since March 2014. Since then, we have stepped forth our partnership to the next level as the first issuer of JCB card in Mongolia. It is a very honor for us to have such a world brand as a partner. We are aiming to provide services to the tourist and travelers on business from both countries and also for the Mongolian people who are living and studying in Japan. We would like to offer services which will match the needs of the customers with JCB cards between two countries, which can provide more worthwhile services to our customers. We hope that our partnership will introduce more attractive services to both countries' customers."



About JCB



JCB, founded in Japan in 1961, is a major global payment brand and a leading credit card issuer and acquirer. The JCB acceptance network includes about 26 million merchants in 190 countries and territories. JCB cards are now issued in 16 countries and territories, with more than 84 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 is committed to providing responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english



Note: JCB statistics included in About JCB are as of the end of March 2014.



About State Bank



The State Bank was established on 26th, November, 2009 as a completely state-owned bank in order to ensure banking and financial stability, and to protect the rights and render risk-free services to its customers. As of today, State Bank has MNT 2 trillion in assets and offers banking services that located in every part and settlement areas of the country.



Since its establishment, the Bank takes pride in its professional staff and advanced technology and in the swift and reliable services it provides its customers. In five years it already has made significant contributions to the development of Mongolia's banking system and economy and become 4th TOP ranking bank in Mongolia.



Contact

JCB International Co., Ltd.

Ayako Tanaka

Corporate Planning

Phone: +81-3-5778-8390

Email: jcbinternational-pr@info.jcb.co.jp



State Bank of Mongolia

Mandakhnaran. A

Director of E-Banking Department

Phone: +976-11-310103

Email: mandakhnaran.a@statebank.mn






Source:
ACN Newswire.
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