Moscow and Tokyo — Credit Europe Bank Ltd. (“Credit Europe Bank”), one of the leading banks in the Russian market, and JCB International Co., Ltd. (“JCBI”), the international operations subsidiary of JCB Co., Ltd. (“JCB”), announced the launch of JCB Cards acceptance at Credit Europe Bank’s ATM and POS terminal network.
Credit Europe Bank’s acquiring network includes more than 11,000 POS terminals and 514 ATMs (as of 01/01/2018). Credit Europe Bank is one of the leading banks in the acquiring business in Russia. Credit Europe Bank provides acquiring services for such major retailers as IKEA, METRO Cash & Carry, Marks & Spencer, Gap, Banana Republic, and U.S. Polo Assn.
Commenting on the announcement, Takashi Suetsugu, General Director of JCB International (Eurasia), said: “JCB started card issuing business with local banks in Russia in 2015 and the cardmember base has been expanding. The partnership with Credit Europe Bank will make JCB cardmembers feel more comfortable to use their cards, enhance JCB presence in the market and increase JCB brand awareness. We are glad that our cardmembers will be able to pay for their purchases at the biggest and very popular retailers. Opening the Credit Europe Bank network to JCB will also allow millions of visitors to Russia to use familiar services here”.
“We are pleased to be among the banks which accept JCB cards and we are positive that this partnership will benefit both our businesses. JCB will gain wider JCB card acceptance, and we will significantly improve our services by providing partners the opportunity to expand the range of payment cards they accept and attract more new customers from all over the world”, commented Anton Ryazanov, Head of Payment Systems and Key Partners Management Department.