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State Bank to Issue JCB Debit Card in Mongolia
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October 14 2014, Tokyo and Ulan Bator: 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. “ |
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