Bishkek, Kyrgyz Republic and Tokyo, Japan, Mar 10, 2020 - (ACN Newswire) - JCB International Co., Ltd., the
international operations subsidiary of JCB Co., Ltd., and PJSC Kyrgyzkommertsbank, one of the leading banks in the
Kyrgyz Republic announced signing a License Agreement for building a JCB card acceptance network and to start JCB
merchant acquiring operations in the Kyrgyz Republic.
All JCB cardmembers travelling to Bishkek and other cities of the Republic will be able to use their JCB cards for
purchases at merchants and for cash withdrawals at ATMs of Kyrgyzkommertsbank throughout the Kyrgyz Republic by the end
of 2020.
This partnership will allow both the merchants affiliated to Kyrgyzkommertsbank to add a new payment system brand as an
incremental sales opportunity, and JCB to offer cardmembers wide acceptance during tourist and business stays in the
Kyrgyz Republic.
JCB is one of the major international payments brands and the only one originated in Japan. There are more than 130
million JCB cardmembers in the world, and JCB cards are accepted at 33 million associated merchants.
Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented, "We are delighted to announce that
Kyrgyzkommertsbank, a bank with a reliable and stable reputation and having a long history of success in the financial
market of the country will start accepting JCB cards in the Kyrgyz Republic. The Kyrgyz Republic has one of the closest
relationships with Japan among Central Asian countries, and we see an increasing number of travelers from Russia and
China which are countries where JCB's card issuing business is growing rapidly. We hope that the cooperation with
Kyrgyzkommertsbank will help to create a more comfortable and hospitable environment for JCB cardmembers from these
countries".
"Evolvement of non-cash turnover in Kyrgyzstan is one of our strategic priorities. Developing cooperation with JCB,
Kyrgyzkramdsbank will simplify payments with cards for tourists from East and South-East Asia. JCB cardholders traveling
in Kyrgyzstan will be able to use their cards to pay for purchases and withdraw cash at Kyrgyzkommertsbank ATMs
throughout Kyrgyzstan. This partnership will allow trading companies cooperating with Kyrgyzkommertsbank to get new
sales opportunities with the help of the global financial brand," commented Erik Usubaliev, Deputy Chairman of the Board
of Kyrgyzkommertsbank.
About PJSC Kyrgyzkommertsbank
PJSC Kyrgyzkommertsbank is a Kyrgyz-Japanese bank that provides a wide range of banking services in the Kyrgyz Republic
and has been operating effectively in the financial market for over 27 years.
Constantly improving and keeping up with the most modern international trends, the Bank is a stable and reliable
financial institution of the Kyrgyz Republic.
The main areas of business: deposit placement, lending, settlements and cash services for legal entities and
individuals, operations with securities, foreign currency, issuing and servicing of credit and payment cards. The Bank
has the highest status of Principal Member of the international payment systems, Visa, Mastercard and Union Pay
International. It serves Visa, Mastercard, Maestro, American Express, Union Pay International and Elcard cards.
Additional information about Kyrgyzkommertsbank is available on the official website of the bank
About JCB
JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card
business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has
formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and
card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality
service and products to all customers worldwide. For more information, please visit:
.