JCB International (JCBI) and Network For Electronic Transfers (Singapore) (NETS) have inked a new agreement under which NETS will accept JCB cards in Singapore.
JCBI believes that the new partnership will facilitate local and global issued JCB cards with more acceptance points for card usage, thus supporting the Singapore government’s vision of a Smart Financial Centre where the usage of cash and cheques are minimized.
NETS CEO Jeffrey Goh said: "This strategic partnership aligns both NETS and JCBI’s interests to deliver greater benefits to Singapore merchants.
"With our latest offering, Unified POS, which is a single terminal that accepts different types of payments, our merchants will be able to offer more payment options as they tap on a sizeable pool of JCB cardmembers and the significant number of Japanese tourists in Singapore."
JCB International Asia Pacific managing director Vincent Ling said: "As Singapore continues to be a key tourist destination in Asia Pacific, a stronger JCB card acceptance will bring about enhanced conveniences to JCB cardmembers."