JCB International, the international subsidiary of JCB and Russia’s Far Eastern Bank, have announced the signing of a license agreement on acquiring and issuing of JCB cards.
Far Eastern Bank will start accepting JCB cards on the bank’s ATM network and POS terminals, as well as issuing JCB cards. Far Eastern Bank’s network comprises 42 branches, 4,054 POS terminals and 311 ATMs located in the territory of the Far East and Eastern Siberia.
Yuichiro Kadowaki, Senior Vice President, JCB International Co., Ltd., noted: “The new partnership with Far Eastern Bank, one of the leading financial institutions of Primorskiy Krai, is an important milestone for us taking into account the bank’s customer base and wide coverage of POS and ATM network in the Far Eastern region.
“We hope that the bank’s new JCB card product will become a convenient and advantageous payment tool for Russian business people and tourists who often visit Japan and other countries in the Asia-Pacific region.
“All these new customers will be able to enjoy JCB unique offers and privileges around the world. Acceptance of JCB cards on the bank’s POS and ATM network will help to expand the range of the bank’s services and to promote development of inbound tourism in the region.”
Far Eastern Bank serves 240,000 retail customers and more than 17,000 corporate clients and SME’s.