card – PressAP

JCN Newswire

JCB Reaches One Million Rupay JCB Card Issuance Mark in India

February 13, 2023

TOKYO, Feb 13, 2023 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, today announced issuance of one million Rupay JCB Cards in India. These credit and debit cards, issued by 12 public and private sector banks and co-badged as RuPay JCB Cards, offer their cardmembers a seamless payment experience within and outside India.Along with the 3-fold growth in card issuance, a significant growth in Rupay JCB Card usage was also seen with international spending growing 8-fold between April 2022 to December 2022. This is expected to further grow rapidly given the extremely lucrative international campaign currently available for RuPay JCB cardmembers. All RuPay JCB cardmembers are eligible for a whopping 40% cashback on face-to-face transactions in Singapore, Thailand and Bahrain. The maximum cashback amount per transaction is 3,000 INR and maximum cashback amount per one card is 15,000 INR within the campaign period. The current campaign started on December 29, 2022 and will conclude on March 31, 2023.This is the second such campaign as RuPay JCB just concluded a similar 40% cashback campaign in UAE, Qatar and Australia. The offer was on face-to-face transactions from October 1 to December 31, 2022. This campaign has also successfully increased the number of transactions and was well appreciated by bank issuers and cardmembers.In addition to this, there are multiple on-going offers across countries in different categories such as retail store, restaurant, hotel and transport.Mr. Yoshiki Kaneko, President & COO, JCB International Co., Ltd. said, "We are very proud of our strategic partnership with NPCI. This first million Rupay JCB issuance milestone is a testament to the strength of our partnership which will continue to grow in the coming years. India is a key market for JCB with huge potential given the aspirational young and vibrant base of consumers who especially enjoy international travel and new experiences. We are confident the feature-rich RuPay JCB Card, which offers many international benefits to its cardmembers including international airport and JCB PLAZA Lounge access, besides many special offers, discounts, and cashbacks that saves our cardmembers' money, will be well enjoyed outside India. We will continue to focus on and invest in growing the India business through our esteemed partner, NPCI, to ensure that our issuing partners always have access to the best-in-class technology to create path-breaking products."About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

JCB and Vietnam Prosperity Joint Stock Commercial Bank launch VPBank JCB Credit Card with a focus on Generation Z in Viet Nam

February 6, 2023

TOKYO & HO CHI MINH, Feb 6, 2023 - (JCN Newswire via SEAPRWire.com) - JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a major commercial bank in Vietnam, announced the launch of VPBank JCB Credit Card in Vietnam.The new VPBank JCB Credit Card is the first credit card which is focused on Generation Z in the Vietnam market. Holders of VPBank JCB Credit Card can access JCB's acceptance network with about 41 million merchants around the world.From the launch date, VPBank is also starting to offer many promotion programs and benefits that meet with the needs of this special target segment of cardholders.The VPBank JCB Credit Card brings special offers to customers, including 10% cashback on everyday spending in F&B, entertainment, fitness, food delivery & transportation; welcome gifts for new cardholders; a 0% installment program that is applicable for transactions at any stores as well as many other special promotions. For more information about promotions and benefit, please visit here[1]. https://www.vpbank.com.vn/ca-nhan/the-tin-dung/the-tin-dung-zAbout JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ About VPBankVPBank is one of the leading banks in the Vietnam market: Global top 300 most valuable banking brands (according to Brand Finance), leading the market in terms of capital, mobilization and credit growth. By 2022, VPBank had become the largest charter capital bank in the system and maintained its position as the largest commercial bank in Vietnam by market capitalization. Particularly in the credit card business, VPBank remains one of the leading banks both in terms of cards issued and spending volume.ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp[1] Vietnamese only Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

JCB identifies India as a key growth market for European merchants and acquirers to further propel digital payments and online spending

November 29, 2022

TOKYO & LONDON, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has identified a significant opportunity for European merchants and acquirers to tap into the rapidly growing Indian payments market, with JCB's data showing a 70% growth in Cardmembers between Q4 of 2021 and Q2 of 2022.[2]Projected to have the third-largest number of high-income households by 2030, the region is set to contribute $1.8 trillion to global consumption growth.[3]Traditionally a "cash-first" society, there has been a significant shift towards digital and card payments as part of a "less-cash" movement in recent years. This has been accelerated by government initiatives such as Digital India introduced with the specific aim to "transform India into a digitally empowered society and knowledge economy".[4]The National Payment Corporation of India (NPCI), set up by the Reserve Bank of India and Indian Banks' Association, has been a major factor in enabling widespread digital payments in the region. Reinvesting profits into growing India's payment ecosystem, the umbrella organisation operates retail and settlement payment systems throughout India and has a comprehensive services portfolio that makes them a central figure in the market.In terms of spending, research shows most Indians are optimistic in the wake of the Covid-19 pandemic, with consumer and retail spending including fresh produce, health and wellness goods, new vehicle purchases, and travel. As restrictions ease and travel is possible once more, the appetite to do so has only intensified, with outbound tourism set to surpass $42 billion by 2024 and Indian firms expected to facilitate easier travel through better connected flights.[5] Already one of the world's fastest growing aviation markets in 2019, there is an expectation that the number of daily fliers will exceed pre-pandemic numbers by the early 2023[6] with the likes of London, Paris, Dubai, Toronto, and Amsterdam being the most popular international destinations.This spending increasingly takes place online, too, with Indians willing to spend abroad from their home - especially with recognised brands and in frictionless and secure ecommerce environments. Access to reliable internet and low-cost data[7] makes it easier to go online at a time when traditional shopping methods have been more difficult amidst pandemic restrictions. The ecommerce sector alone is expected to grow by 96% between 2021-2025[8] and worth $200 billion by 2026.[9] 43% of international transactions from JCB Cards came from ecommerce spending.[10]These figures have been released alongside the launch of JCB's latest whitepaper, 'Prosperity Awaits - Tapping into the Indian Market', which includes exclusive insights for European merchants and acquirers on Indian spending patterns, and the importance of building customer relationships early to capitalise on the opportunities.Ray Shinzawa, Managing Director, JCB International (Europe) Ltd., commented: "The Indian market is growing at a rapid rate and boasts one of the world's fastest-growing economies.[11] This is providing opportunities for merchants and acquirers outside of South Asia to grow their presence in the region and unlock the potential it, and its population of over 1.4 billion people, has to offer.[12] JCB's place in the payment ecosystem means we are well-positioned to help our European merchants and acquirers navigate and make their mark in this vast region" he continued.Satoru Mori, Managing Director, JCB Card International (SouthAsia) Private Ltd., said: "There is a real opportunity for European merchants and acquirers to have success in the Indian market. The region is putting significant time and resources into embracing a digital outlook and this benefits modern payment methods. Meanwhile, the population itself is willing to spend as we emerge out of the pandemic. It is all about providing a painless and secure process that will allow individuals to trust you with their disposable income."Download and read the full whitepaper here.https://www.thepaymentshub.net/content/files/2022/11/Prosperity-Awaits---Tapping-into-the-Indian-Market.pdfAbout JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB issues cards across various countries and regions internationally with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/MEDIA CONTACTS:JCB International (Europe) Ltd. Victoria Perea-Usher: Marketing@jcbeurope.euJCB (Head Office in Japan)Ayaka Nakajima: jcb-pr@jcb.co.jp[1] JCB Proprietary Data 2022, per JCB Card International (SouthAsia) Private Ltd.[2] JCB Proprietary Data 2022, per JCB Card International (SouthAsia) Private Ltd.[3] India consumption growth: India to have third-largest number of high income households by 2030: McKinsey Report - The Economic Times https://economictimes.indiatimes.com/news/economy/indicators/india-to-have-third-largest-number-of-high-income-households-by-2030-mckinsey-report/articleshow/86089869.cms?from=mdr[4] Digitalindia | Digital India Programme | Ministry of Electronics & Information Technology(MeitY) Government of India https://www.digitalindia.gov.in/[5] India's outbound tourism to surpass $42bn by 2024: Report - Times of Indiahttps://timesofindia.indiatimes.com/business/india-business/indias-outbound-tourism-to-surpass-42-bn-by-2024-report/articleshow/93407481.cms[6] As international travel opens up, Indians spend lavishly | Business and Economy News | Al Jazeera https://www.aljazeera.com/economy/2022/3/28/as-international-travel-opens-up-indians-spend-lavishly[7] Mobile Data In India Is Among The Cheapest Across World: See Comparison in Photos https://www.news18.com/photogallery/tech/mobile-data-in-india-is-among-the-cheapest-across-world-see-comparison-in-photos-5011783.html[8] India's e-commerce market set to increase 96 percent to $120 billion by 2025, new FIS study finds | Business Standard Newshttps://www.business-standard.com/content/press-releases-ani/india-s-e-commerce-market-set-to-increase-96-percent-to-120-billion-by-2025-new-fis-study-finds-122030200987_1.html[9] Top 10 Ecommerce Sites in India - Ecommerce Guide https://ecommerceguide.com/top/top-10-ecommerce-sites-in-india/[10] JCB Proprietary Data 2022, per JCB Card International (SouthAsia) Private Ltd.[11] India, fastest-growing major economy, projected to grow 6.4% in 2022: UN | Business Standard News https://www.business-standard.com/article/current-affairs/india-retains-top-spot-as-fastest-growing-major-economy-un-report-122051900021_1.html[12] World Population Prospects 2022: Summary of Results https://www.un.org/development/desa/pd/sites/www.un.org.development.desa.pd/files/wpp2022_summary_of_results.pdf Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

JCB and East West Banking Corporation announce the launch of EastWest JCB Credit Card

November 10, 2022

TOKYO & MANILA, Nov 10, 2022 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and East West Banking Corporation announce the launch of EastWest JCB Credit Card, a first for JCB in the Philippines in 25 years.EastWest JCB Gold Credit Card and EastWest JCB Platinum Credit Card offer several rewards such as accumulate reward points that can redeem them for airline miles, cash rebates, or annual membership fee waiver. Also, it offers year-round special promotions and discounts from partner merchants in-store and online, from shopping, and dining to travel and leisure and even more on your international purchases with a low foreign conversion fee.The signing of the memorandum of agreement (MOA) to seal this partnership was recently held at the Hotel Okura Manila. JCB was headed by President and COO of JCB International Yoshiki Kaneko and Yusuke Matsui, JCB Manila's Country Manager. EastWest on the other hand was headed by Vice Chairman and CEO Antonio C. Moncupa, Jr. and President Jacqueline S. Fernandez.In his opening remarks, Antonio C. Moncupa, Jr., EastWest's Vice Chairman and CEO, pointed out that EastWest's partnership with JCB is part of the Bank's efforts to meet their customers' growing needs for financial products that will allow them to have more options and better experiences in their everyday life."With the EastWest JCB Credit Card, we are bringing more Filipinos closer to the Japan experience in general and, in particular, to see the famed 'Customer-Centered Focus,' the core of JCB's 'Service from the Heart' service standards. We in EastWest hope to learn from JCB as we pursue our efforts to be a world-class bank anchored on service excellence," Moncupa said.He added that the credit cards will be a new way to better experience the modern lifestyle that Japan has to offer."As JCB says, it is 'uniquely yours'. We thank JCB for the partnership as we share the wonders of the well-known 'Japanese way' with our customers," Moncupa said.Yoshiki Kaneko the President and COO of JCB International pointed out in his remarks that he considered the MOA signing a historic one since EastWest Bank is the first issuing partner of JCB in the Philippines for the past 25 years."As the only international payment brand from Japan, JCB stays true to its Japanese pillars of reliability, preciseness, and hospitality. EastWest reflects the same flexibility and drives to deliver the best customer experience that we champion. Your adherence to the values that we stand for has made both our companies a perfect match," Kaneko said.He added that through the partnership, both EastWest and JCB would be able to deliver a world-class level of care and satisfaction to customers in the Philippines and bring them closer to Japan."We look forward to growing this partnership and sharing more of Japan with you all," Kaneko said.For her part, FVP and Credit Cards Business Head Mia P. Tamayo, reaffirmed the excitement in EastWest to officially bring the limitless potential of the partnership to fruition and realization."For many Filipinos, experiencing the wonders of Japan is a dream that we want to fulfill. This partnership with JCB will definitely bring our customers to the many reasons that we are in awe and enamored with Japan," she said.Tamayo also thanked this momentous partnership between EastWest and JCB. She added that the Japanese wonders of customized service, meticulous visual experience, convenience, relevance, grace and elegance are only one swipe away.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ About East West Banking CorporationEast West Banking Corporation (EastWest) is a universal bank catering to the financial needs of mid-sized businesses, consumers, and the mass affluent. Since 2012, EastWest has been trading under the symbol "EW" on the Philippine Stock Exchange. EastWest is a subsidiary of Filinvest Development Corporation (FDC), one of the country's leading conglomerates with a diverse range of interests including real estate, banking, hospitality & tourism, power generation, and sugar. For more information, go to eastwestbanker.com.ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

JCB Launches Kiwami Experience Exclusive Program

October 3, 2022

TOKYO & JAKARTA, Oct 3, 2022 - (ACN Newswire via SEAPRWire.com) - PT. JCB International Indonesia, the subsidiary of JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, launched the Kiwami Experience program for JCB Ultimate card holders. The program takes card holders to explore and experience the aspects of Japanese lifestyle, which is represented by the word "KIWAMI" in Japanese that means ultimate or the topmost.The launch event of the Kiwami Experience Program by JCB was also attended by JCB Bank Partners, Kiwami Restaurant & Hotel Partners, JTB Indonesia and Nana Mirdad at The Legian Seminyak, Bali.JCB Ultimate card holders can enjoy exclusive services & special benefits such as complimentary dishes at various fine dining Japanese restaurants in Jakarta and Bali, as well as numerous perks during their stay in 5-star hotels in Bali, for example, complimentary lunch or dinner, afternoon tea and discounts for spa facilities. The finest services including airport pickups to hotels, airport assistant and concierge services can also be enjoyed through the JCB Kiwami Experience program.Takumi Takahashi, President Director of PT. JCB International Indonesia, said that "JCB holds an omotenashi principle which encourages hospitality by serving customers earnestly. Through this program, we aim to give unparalleled and memorable experiences to JCB Ultimate card holders to delight in authentic Japanese lifestyle. We are also optimistic about seeing more and more customers benefit from the services that we provide, which means that JCB contributes to the economic recovery, particularly in Indonesia."Japan has various interesting aspects to talk about, for traditions that have stemmed in the society's lifestyle add uniqueness and lasting impression to whatever is done there. For example, for Japanese cuisine, there are always traditions, philosophies, and aesthetics within the preparation process of any dish. The Kiwami Ultimate program offers customers assorted authentic Japanese food that they can experience first-hand, such as trying out omakase-style restaurants of which dishes are personally chosen by the chef, seeing first-hand Teppanyaki cooking techniques that are full of attractions. Restaurants that take part in this program in Jakarta include Sumire, Ritz Jurin, Sushi Ippachi, Shabusen, and Honzen Jakarta. Meanwhile, there are also participating restaurants such as Tenkai, Izakaya by Oku, Honzen Bali, Shiro, Nagisa Izakaya and Hamabe in Bali. For more information, visit here; https://hotel.kura2bus.com/page/kiwami.Other than the finest Japanese traditions and cuisines, we also offer inclusive promotions at relaxation facilities in 5-star hotels in Bali, such as The Apurva Kempinski Bali, The Legian Seminyak, Four Seasons Resort Bali at Jimbaran, Four Seasons Resort Bali at Sayan, The Villas at Ayana Resort, Six Senses Uluwatu, Andaz Bali, Amankila, The Mulia Resort, Como Uma Canggu, The Trans Resort Bali, and Hoshinoya Bali. For more information, visit here; https://hotel.kura2bus.com/page/kiwami."The launching of the Kiwami Experience Program by JCB Indonesia is expected to provide unforgettable experiences for JCB Ultimate card holders and fulfil their longing for Japan under travel restrictions during the pandemic. The Kiwami Ultimate program was launched first in Indonesia, and it will be expanded to Japan, Singapore, and other ASEAN countries," Takumi Takahashi stated.About JCB and JCB IndonesiaJCB is a prime global payment brand, and the leading issuer and acquirer of credit cards in Japan. In 1961, JCB launched the card business in Japan and expanded its business worldwide in 1981. JCB's holder network covers approximately 39 million merchants in the world. The JCB Card was launched in Asian countries and regions with more than 140 million cardmembers. As a part of its international growth strategy, JCB has established alliances with hundreds of leading banks and financial institutions globally to accelerate the expansion of its merchant coverage and member card base.In Indonesia, JCB Indonesia has partnered with seven largest banks: BCA, BNI, BRI, CIMB NIAGA, DANAMON, MANDIRI, and MAYBANK, which offers multiple perks and cross-country services. As a provider of comprehensive payment solutions, JCB is committed to giving the best, relevant, and high-quality services and products to all customers around the world. For further information, please visit: www.id.jcb/id/ContactsJCB IndonesiaNada SalmaHead of Brand Marketing & Communication DivisionPT. JCB International IndonesiaTel: +62 811 28 6543Email: nada.salma@jcb-intl.co.idJCB (Head Office in Japan)Ayaka NakajimaTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

BoB Financial and Snapdeal Launch Co-Branded JCB RuPay Contactless Credit Card

September 2, 2022

MUMBAI, INDIA, Sep 2, 2022 - (ACN Newswire via SEAPRWire.com) - BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB) and Snapdeal in partnership with National Payments Corporation of India (NPCI) and JCB International Co. Ltd. have announced the launch of the Snapdeal BoB JCB RuPay Credit Card. The card is designed keeping in mind the purchase behaviour of shopping enthusiasts and will offer a host of attractive benefits and rewards. The card will also be usable at international merchants and ATMs through the extensive JCB global network.Users of the co-branded credit card will receive up to 5% unlimited cashback (accrued as 20 reward points on every INR 100 spent) on the Snapdeal app and website. Activation of the co-branded credit card within 30 days of issuance will entitle the cardholder to shopping benefits on Snapdeal worth up to INR 500.The card also offers 10 reward points per INR 100 spent on online, grocery and departmental store spends. For purchases in all other categories, customers will get 4 reward points for every INR 100 spent. The cardholders will also enjoy free Add-On cards for family members, waiver of 1% fuel surcharge, easy EMI options (pre and post purchase), and periodic offers across merchants.Commenting on the partnership, Shailendra Singh, MD & CEO, BOB Financial said, "We are happy to launch our co-branded credit card with Snapdeal, in partnership with NPCI, at a time when both new customer acquisition as well as usage from smaller cities and towns continue to grow at an impressive pace. The challenges brought about by the pandemic have resulted in a rapid adoption of digital payments even in interior locations of the country. Our co-branded credit card will offer additional value to this large segment of customers that constitute Bharat!".Himanshu Chakrawarti, President, Snapdeal Limited said, "Snapdeal's target audience is the value-savvy, mid-income, price-conscious buyers who predominantly live in the smaller cities of India. The partnership between BOB Financial, NPCI and Snapdeal brings together parties with a deep understanding of this mega-segment of consumers and how they are evolving in terms of their use of technology and digital payments. Our co-branded card is another important step in offering additional value to our users."Ms. Praveena Rai, COO, NPCI said, "We are happy to associate with BOB Financial and Snapdeal for the launch of the distinctive co-branded JCB RuPay Contactless Credit Card. We believe that this proposition will appeal strongly to millions of Snapdeal and BOB Financial's customers at large by offering them a unique and rewarding experience. At NPCI, we are strategically focussing on creating a wide array of offerings in the credit segment for the customers to experience delightful and memorable retail as well as e-commerce shopping."Mr. Yoshiki Kaneko, President and COO, JCB International Co. Ltd. said, "We are extremely excited to partner with BFSL and Snapdeal through our esteemed network partner RuPay. This product, besides offering great value and benefits within India, comes with unique benefits and privileges internationally. This includes access to exclusive JCB in-city lounges at many key international travel destinations and special discounts exclusively for JCB cardmembers at many international merchants. We are sure the cardmembers will enjoy the benefits of carrying this card with them wherever they go."About BOB Financial Solutions LimitedBOB Financial Solutions Limited was established in the year 1994. It is a Non-Banking Financial Company, wholly owned by Bank of Baroda. The Company's primary business is in credit cards with its key differentiator being simple, easy-to-understand products that are fairly priced and efficiently serviced. A pioneer in the space of credit cards, BOB Financial offers an array of products catering to all segments of customers. It is leveraging state-of-the-art technology to provide unique payment solutions to its customers. For more information, visit www.bobfinancial.comMedia contact for BFSL:Ashutosh Kumar9811174731ashutosh.kumar@bobfinancial.comAbout SnapdealSnapdeal is one of India's best known e-commerce companies and has an exclusive focus on the value segment with more than 90% of the products on its platform priced under Rs. 1,000. Snapdeal as a brand is synonymous with value e-commerce: good quality, trendy and affordably priced products that fulfill the aspirational needs of value-conscious buyers. Over the last several years, the company has enhanced its expertise in catering to the value segment of the Indian e- commerce market, comprising mid-income users who have a budget-led approach to spending and access the Internet primarily through their mobile phones. Snapdeal receives more than 86% of its orders from outside metro cities, with more than 72% of its orders coming from buyers living in Tier 2+ cities & towns. It covers 96.65% of India's pin codes and has served buyers from more than 2,500 cities. Founded in 2007 as a coupon booklet business, it transformed itself into an e-commerce deals platform in 2010. Subsequently, it launched the Snapdeal e-commerce marketplace in 2012.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. JCB issues cards across various countries and regions internationally with more than 140 million cardmembers. JCB Cards are accepted at tens of millions of merchants globally through its vast acceptance network. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/enMedia contact for JCBAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jpAbout NPCINational Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. NPCI has created a robust payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC Fastag) and Bharat BillPay. NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India's aspiration to be a fully digital society. For more information, visit: https://www.npci.org.in/Media contact: Shruti Singh9654497747shruti.singh@npci.org.inPriyanka Chavda9619378489priyanka.chavda@npci.org.inAdfactors PRBanali Banerjee/Pragya Sahay9769610385/7982347652banali.banerjee@adfactorspr.com / pragya.sahay@adfactorspr.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

AEON Credit (00900) 1Q2022 Revenue up by 9.7% to HK$279.1 million

June 23, 2022

HONG KONG, Jun 23, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its unaudited results for the three months ended 31 May 2022 ("1Q2022", or the "reporting period"). For 1Q2022, the Group's revenue increased 9.7% year-on-year to HK$279.1 million and operating profit before impairment losses and impairment allowances was up by 16.4% to HK$126.9 million. The Group recorded profit of HK$82.7 million (1Q2021: HK$97.0 million) and earnings per share of 19.74 HK cents for the reporting period.Overall sales for 1Q2022 increased by 12.3% against 1Q2021, with gross advances and receivables balance up by 4.0% relative to the amount at end of February 2022. With an increase in sales for the Group, both as a credit card issuer and acquirer and an insurance intermediary, the Group recorded a year-on-year increase of HK$7.4 million in fees and commissions, reaching a total of HK$28.9 million. Interest income, meanwhile, increased by HK$15.8 million to HK$233.9 million, driven by the continued rise in receivable balances. These, combined with the increase in handling and late charges due to the rising demand in cash advance, led to the robust growth in the Group's revenue and operating profit. However, the expectation of slow economic recovery in the reporting period in stark contrast with the expected rebound in key economic indicators in 1Q2021, resulted in a relatively significant increase in impairment losses and impairment allowances in 1Q2022, which led to the decline in profit during the reporting period, despite the solid top-line growth.As part of its strategy to cater for the shift in customer spending towards the Internet under the new normal and expand its customer base, the Group launched its first ever cashback credit card, AEON Card Wakuwaku (the "Wakuwaku card"), in May 2022, which allows cardholders to enjoy special spending rebates for online and overseas spending in Japan. Supported by celebrity endorsement to attract a younger generation of customers, it has received a favourable response with more than 5,000 Wakuwaku cards issued in the first month of its debut.Following its successful marketing and brand building efforts for the Wakuwaku card, the Group will place yet more emphasis on using both digital and traditional marketing channels to promote its credit card and personal loan products and to roll out different marketing programmes to enrich customers' user experience. Regarding its technology development endeavours, AEON Credit's card and loan system replacement project is targeted to be completed towards the end of the current financial year, after which the Group will be able to launch new payment solutions, enjoy flexibility in offering product benefits and have access to even better data analysis tools. With a strong capital position, the Group will continue to dedicate resources to the expansion of its branch network, providing higher quality customer experiences, accelerating digitalisation and exploring new investment opportunities to expand and diversify its businesses.Mr. Tomoharu Fukayama, Managing Director of AEON Credit said, "The Group is glad to have achieved positive revenue and operating profit growth in 1Q2022 despite the challenging operating environment amid the fifth wave of the Pandemic. The implementation of our strategy to address the shift in customer spending behaviour and appeal to the younger generation has made good progress with the successful launch of our Wakuwaku card. To embrace changing customer needs and capture the arising market opportunities, we will also continue to ramp up our marketing and promotions using a variety of channels and increase our technology upgrade and digitalisation efforts."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

CIMB Niaga and JCB launch JCB Digital Credit Card in Indonesia

June 22, 2022

TOKYO & JAKARTA, Jun 22, 2022 - (ACN Newswire via SEAPRWire.com) - PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia (JCB), as a subsidiary of JCB International Co. Ltd., launched the CIMB Niaga JCB OCTO Card Digital Credit Card in Jakarta, on 22nd June 2022. This credit card with digital or virtual technology was developed in line with the rapid growth of demand for online transactions and credit card technology. The Digital Credit Card provides a number of improvements. It enables the user to apply for CIMB Niaga JCB OCTO Card Digital Credit Card anytime and anywhere, and it also provides a safer and easier payment method for online transactions by using a one-time password (OTP).Director of Consumer Banking CIMB Niaga Noviady Wahyudi said, "CIMB Niaga continues to innovate to develop digital customer experience by integrating various products and services into the OCTO Mobile Super App, making it easier for people to meet their financial needs. Recently, we innovated to present the CIMB Niaga JCB OCTO Card Digital Credit Card, which provides a comprehensive digital transaction experience for users," said Noviady.Meanwhile, President Director of PT JCB International Indonesia, Takumi Takahashi, said, "The launching of this new Digital Credit Card shows our successful collaboration with CIMB Niaga and our commitment to cater to the demand for digital transactions in Indonesia. We believe with this new Digital Credit Card, customers can experience the uniqueness of JCB."The issuance of the CIMB Niaga JCB OCTO Card Digital Credit Card is an initiative of CIMB Niaga and JCB to provide an easier, faster and safer online transaction experience. All transactions will be verified by entering a random two (2) digit OCTO Mobile PIN, and online transactions at most online merchants that have implemented 3D secure security are protected by a one time password (OTP) sent to a mobile phone number registered with the Bank. These features minimize the risk of online fraud and losses due to card theft. Customers also have the option to immediately block their CIMB Niaga JCB OCTO Card Digital Credit Card via the CIMB Niaga OCTO Mobile.With the fast online application process for the Digital Credit Card, customers will have easier and instant access to their credit cards at the time of payment, without the hassle of carrying a physical credit card. Overall, this new Digital Credit Card is a convenient and hassle-free way to do transactions instantly.The main features and benefits of this Digital Credit Card include 10% cash back for online transactions through the CIMB Niaga OCTO Mobile, a free installment fee with a 3 month tenor for minimum retail transactions of Rp 500,000, and a free annual fee. For detailed information, please visit: https://www.cimbniaga.co.id/id/personal/kartu-kredit/octo-card.CIMB Niaga JCB OCTO Card Digital Credit Card customers can use the Card with the above features and benefits at more than 100 thousand offline and online merchants in Indonesia.About CIMB Niaga CIMB Niaga was established under the name of Bank Niaga in 1955. Approximately 92.5% of CIMB Niaga's shares (including those owned by PT Commerce Kapital of 1.02%) are owned by the CIMB Group. CIMB Niaga offers complete banking products and services, both conventional and Sharia, through a 428 office network as of 30 June 2021, consisting of 358 branch offices, 37 Digital Lounges and 33 Mobile Branches. CIMB Niaga has 12,389 employees (consolidated) as of June 30, 2021.CIMB Group is the second largest financial services provider in Malaysia and one of the leading universal banking groups in ASEAN. The products and services it offers include consumer banking products and services, investment banking, Islamic banking, asset management and insurance. CIMB Group is headquartered in Kuala Lumpur, and operates in all ASEAN member countries (Malaysia, Indonesia, Thailand, Singapore, Cambodia, Brunei, Vietnam, Myanmar, Laos, and the Philippines). In addition to the ASEAN region, CIMB Group has also established offices in China, Hong Kong, India, Sri Lanka, the United States, the United Kingdom, and Korea. CIMB Group's shares are listed on Bursa Malaysia through CIMB Group Holdings Berhad. As of 30 June 2021, the group has a market capitalization value of USD 11.1 billion.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)