Overseas-Chinese Banking Corporation (OCBC Bank) has announced a new partnership to expand JCB card acceptance in Singapore.
With the acceptance of JCB cards, OCBC is reinforcing its position as one of the leading acquirers in the region. In addition, it hopes to build momentum and increase its merchant base, both on and offline.
The partnership expands the JCB acceptance network in Singapore and brings greater convenience to JCB Cardmembers in the country. Furthermore, customers in Japan and other parts of North Asia, especially in China, South Korea and Taiwan, will benefit.
Mr Desmond Tan, head of group lifestyle financing, OCBC Bank, said: “With OCBC’s network of commercial partners, including major supermarkets, department stores and dining outlets, this puts us in a great position to provide JCB customers with more payment acceptance points.
“This new partnership with JCB is an indication of our continuing work to establish a higher level of card acceptance that goes beyond Visa and Mastercard. JCB customers can now enjoy a greater level of ease and an improved customer experience when it comes to card payments and this is an opportunity for OCBC to extend our comprehensive credit card network to a new consumer base.”
Mr Fumihiko Mitsuoka, Managing Director, JCB International Asia Pacific Pte. Ltd. added: “We are honoured to announce this partnership with OCBC, which will allow all their merchants to develop their business through a wider choice of payment schemes to attract more customers.”
The Singaporean lender has been innovating all year. In July, it was the first bank in Singapore to enable cash withdrawals at ATMs using QR codes.
Consequently, OCBC customers no longer need to use a debit card and PIN to withdraw cash at OCBC’s 655 ATMs.
Instead, OCBC customers can scan a QR code on the OCBC Pay Anyone app.
Users then complete the QR code ATM transaction by authenticating via fingerprint, faceprint or mobile banking login credentials.