World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

OCBC Bank to Commence JCB Cards Acceptance in Singapore


Singapore and Tokyo, Oct 2, 2019 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (JCB), and Overseas-Chinese Banking Corporation Limited (OCBC Bank), the longest established Singapore bank, are pleased to announce a new partnership to broaden JCB Card acceptance in Singapore.

With the acceptance of JCB Cards, OCBC Bank reinforces its position as one of the leading acquirers and continues to build momentum increasing its merchant base both in the physical and e-commerce space.

Through this partnership with OCBC Bank, the JCB Card acceptance network in Singapore is further enhanced to bring about greater convenience for JCB Cardmembers in Singapore, Japan and other parts of North Asia, especially in China, South Korea and Taiwan, and its fast growing issuing base in South East Asia.

Mr Desmond Tan, Head of Group Lifestyle Financing, OCBC Bank, said: "With OCBC's network of commercial partners, including major supermarkets, department stores and dining outlets, this puts us in a great position to provide JCB customers with more payment acceptance points. This new partnership with JCB is an indication of our continuing work to establish a higher level of card acceptance that goes beyond Visa and Mastercard. JCB customers can now enjoy a greater level of ease and an improved customer experience when it comes to card payments and this is an opportunity for OCBC to extend our comprehensive credit card network to a new consumer base."

Mr Fumihiko Mitsuoka, Managing Director, JCB International Asia Pacific Pte. Ltd. said, "We are honoured to announce this partnership with OCBC, which will allow all their merchants to develop their business through a wider choice of payment schemes to attract more customers."

About OCBC

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC Bank's key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC Bank's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals.

OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia. For more information, please visitwww.ocbc.com.

ends

© Scoop Media

 
 
 
World Headlines

 

Bitter 16: New Report Documents Consequences Of Israel's Blockade On Gaza
About 1.5 million of the Gaza Strip’s total population of 2.3 million have become impoverished due to the Israeli blockade and restrictions imposed on the Strip since 2006... More>>

Tigray: Eritrean Refugees ‘scared And Struggling To Eat’ Amid Aid Obstacles
For the first time in weeks, aid teams have reached refugee camps in Ethiopia’s Tigray region, only to find that some Eritrean nationals living there have likely died of preventable diseases, while others are “scared and struggling to get enough to eat”, the UN Refugee Agency, UNHCR, said on Friday...
More>>

UN News: Rare Coral Reef Discovered Near Tahiti Is ‘Like A Work Of Art’, Says Diver
One of the largest coral reefs in the world has been discovered by a UN-supported scientific mission off the coast of Tahiti. Announcing the stunning find on Thursday, UNESCO said that divers had explored large rose-shaped corals spanning some three kilometres, at depths of between 30 and 65 metres... More>>


UN: One Year Into The Myanmar Coup, Bachelet Urges Governments And Businesses To Heed Voices Of The People
UN High Commissioner for Human Rights Michelle Bachelet on Friday urged the international community to intensify pressure on the military to stop its campaign of violence... More>>


Ethiopia: UN Chief Lauds ‘Demonstrable Effort To Make Peace’

The UN Secretary-General on Wednesday said he was “delighted” to learn that “a demonstrable effort to make peace” in Ethiopia is finally underway, according to information relayed to him by the African Union High Representative for the Horn of Africa... More>>


Tigray: Agencies Suspend Aid As ‘Scores’ Are Killed Due To Airstrikes
Recent airstrikes on camps for internally displaced persons and refugees in Tigray, northern Ethiopia, have reportedly killed scores of civilians, including children, and left many more injured... More>>