OCBC, JCB Collaborate to Broaden Card Acceptance

The leading payment card issuer from Japan has announced a partnership to extend its reach in Singapore, bringing added convenience to cardholders in the region.

JCB International, the international operations subsidiary of JCB, has announced a partnership with Overseas-Chinese Banking Corporation (OCBC Bank) to broaden the acceptance of JCB payment cards in Singapore, the two firms announced in a statement on Wednesday.

This partnership brings added convenience to JCB cardholders in Singapore, Japan and Northeast Asia, and the «fast-growing card issuing base in Southeast Asia, the statement said. It also allows OCBC merchants to develop their business through a wider choice of payment schemes to attract more customers.

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,» Desmond Tan, head of Group Lifestyle Financing, said, adding that the partnership is «an opportunity for OCBC to extend our comprehensive credit card network to a new consumer base.»

JCB has 120 million cardmembers worldwide.