Published February 07, 2017
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JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the launch of JCB card acceptance through Kazkommertsbank (Qazkom), which is one of the largest commercial banks in the Commonwealth of Independent States (CIS) and the largest by assets in Kazakhstan. This arrangement was achieved based on the strategic relationship between Discover and JCB starting in 2006, which has enabled JCB card acceptance on the Discover Network in the U.S., and Discover card acceptance on the JCB network in Japan.
Kazkommertsbank is the leading bank with the largest network in the country. This arrangement opens up new possibilities for Kazkommertsbank, Discover Global Network, and JCB to expand their business. Discover Global Network, the payments brand of Discover Financial Services, will enable JCB cards to run on its network for all Qazkom acquired merchants. For Kazkommertsbank, the addition of JCB as a new payment brand into its network brings new sales opportunities, and wider JCB acceptance in Kazakhstan enhances payment convenience for over 100 million JCB cardmembers. All JCB cards issued in 23 countries and territories will be accepted by Kazkommertsbank's network via the Discover Global Network throughout Kazakhstan.
Takashi Suetsugu, General Director of JCB International Eurasia LLC, stated: “We are sure this arrangement will support our objective to expand acceptance of JCB cards in Central Asia which is a strategically important region for JCB to satisfy our cardmembers' needs for global acceptance, especially those visiting Kazakhstan from Russia, China, and Japan. We believe our collaboration will contribute towards the growth of card payments and tourism in Kazakhstan and provide greater convenience to JCB cardmembers from all over the world.”
Re-disseminated by The Asian Banker