Card Issuing and Merchant Acquiring Partnership Signing between CIMB Niaga and JCB International Indonesia

Partnering leading Indonesian bank

PT. Bank CIMB Niaga Tbk and PT. JCB International Indonesia, a subsidiary of JCB International Co, Ltd. (“JCBI”), have announced the commencement of partnership for credit card issuance and merchant acquiring business.

With growing number of Japanese business community and tourists visiting Indonesia, developing the merchant acquiring business in Indonesia will provide acceptance platform for JCB cards to be used within Indonesia. JCB and CIMB Niaga are due to launch the merchant acquiring business in July 2013 and are ready to accept JCB card as means of payment, starting with Jakarta and Bali as the first area to be focused.

With the strong presence of JCB merchants across East Asia, especially Japan, Korea and China, the new CIMB Niaga JCB Credit Card will provide benefits to the cardmembers since many of the cardmembers from this segment are traveling to those countries. CIMB Niaga and JCB will launch CIMB Niaga JCB Credit Card in early 2014. This credit card product will provide the cardholders with strong and interesting benefit in traveling, shopping and dining.

“This partnership with one of the leading banks in Indonesia is a remarkable step forward for JCB to increase its presence in this market,” said Hiroshi Terada, Director of JCB International. “CIMB Niaga is a rapidly growing bank with its card business by providing a variety of benefits to its customers, in particular, the ones catered to its premium customers, such as golf and fine dining. JCB can top them up with its unique worldwide services which will meet CIMB Niaga’s customers’ diversifying needs.”

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