Maybank Singapore Adds JCB Cards to Accepted Payment Methods – Fintech Singapore

by Fintech News Singapore February 15, 2024

Japanese credit card company JCB International has expanded its card acceptance network through a partnership with Maybank Singapore.

This collaboration enables JCB cardholders to use their cards at Maybank’s merchant terminals in Singapore, adding to the existing acceptance in Malaysia and Indonesia.

This move signifies a significant step for JCB, as Singapore is a major travel destination in Southeast Asia, attracting 13.6 million tourists in 2023, with a significant number coming from regions where JCB cards have a strong presence.

The expansion is particularly noteworthy given the substantial growth of JCB in the ASEAN region, Taiwan, and India.

The company has reported a 232% increase in its card base in the ASEAN region between 2018 and 2023, alongside a robust presence in Taiwan through 29 banks, and a significant milestone of approximately 1 million RuPay JCB Cards issued in India within two years of launch.

Tessa Er

Tessa Er, Head of Cards and Personal Loans Maybank Singapore said,

“We are very pleased to partner with JCB as we continue to serve and enhance the payment convenience for customers.

As inbound tourism continues its growth momentum, we look forward to enabling more customers to spend on experiences that matter most to them with ease.”

Hiroko Michishita

Hiroko Michishita, Managing Director, JCB International Asia Pacific said,

“Maybank and JCB have a long history of collaboration in Malaysia and Indonesia. In addition to card acceptance, Maybank also issues JCB Cards in Indonesia. We are therefore grateful to be able to extend our cooperation to Singapore.

The acceptance of JCB Cards at Maybank merchant terminals will provide our cardmembers with further convenience when travelling to Singapore. We look forward to deepening the relationship between the two companies through further successes in the near future.”

Featured image credit: Edited from Freepik

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://fintechnews.sg/86393/payments/maybank-singapore-adds-jcb-cards-to-accepted-payment-methods/