Yangon and Tokyo — Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate MPU-JCB Co-Branded Card in Myanmar. This is the first corporate credit card targeted for business payment use ever issued in the country.
The AYA Universal Corporate MPU-JCB Co-Branded Card has 2 different products: Universal Corporate Platinum Credit Card and Universal Corporate Gold Credit Card. All the cardmembers can enjoy the same JCB privileges as personal credit cardmembers, such as JCB Plaza and special offers at selected merchants all over the world. Universal Corporate Platinum Credit Card cardmembers can also use exclusive JCB Platinum services, such as JCB Platinum Airport Lounge service, JCB Platinum Concierge Desk, and Special JCB Platinum Hotel Services.
U Zaw Zaw, Founder and Chairman of AYA Bank commented, “The Myanmar economy is growing fast and we have commercial cooperation with neighboring countries which means companies need to send their employees on business trips and need to use other international services. I believe that AYA Universal Corporate MPU-JCB Co-Branded Card will be welcomed by companies here. AYA is honored that JCB will be our first international brand corporate product, and we know this card will bring convenience and reliable payment experience to Myanmar enterprises.”
Kimihisa Imada, President and COO of JCB International said, “Corporate card is a popular product welcomed in Japan, and it can be used for the payment of business-related expenses, most often travel-related. Without a corporate card, sometimes employees need to take money out of their personal account to pay for company expenses. With the AYA Universal Corporate MPU-JCB Co-Branded Card, employees don’t need to pay themselves. Also, for employees who go on business trips can enjoy JCB privileges which make traveling smoother and safer.” He added, “I am very pleased JCB will be the first international brand on a corporate product in Myanmar. AYA Universal Corporate MPU-JCB Co-Branded Card is a new product based on the needs of Myanmar enterprises. I am confident that the issuance of AYA Universal Corporate MPU-JCB Co-Branded Card can satisfy our customers and will allow both AYA Bank and JCB to continue growing business.”