Click here to close now.




















Welcome!

News Feed Item

ACLEDA Bank Plc. and JCB International Co., Ltd. to Sign a License Agreement for Card Issuing Business



Phnom Penh, Cambodia and Tokyo, Japan, Sept 5, 2014 - (ACN Newswire) - ACLEDA Bank Plc. (ACLEDA), a leading commercial bank for all sectors in Cambodia, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, hereby announces that ACLEDA signed a License Agreement with JCBI for JCB card issuing business.

Under the agreement, ACLEDA and JCBI have agreed to issue JCB card, and both ACLEDA and JCBI will establish a basis framework for further collaboration and cooperation and offer high-quality payment, travel, and entertainment services to merchants and cardmembers, which shall mutually benefit to ACLEDA and JCBI, and shall cooperate in expanding the JCB merchant and cardmember networks.

Mr. Koremitsu Sannomiya, President and COO of JCBI said, "It is a significant step for us to expand our cardmember base in Mekong region, which is positioned as our key strategic area. Cardmembers will be able to enjoy various benefits with JCB card which is now accepted at over 26 million locations worldwide. I believe this partnership will surely bring about mutual benefits to both of us and help promote development of Cambodian payment industry."

Dr. In Channy, President & Group CEO of ACLEDA, said, "ACLEDA is delighted to be a strategic partner with JCBI who is one of the world leaders in payment services with high-quality and the international payment brand based in Japan. This License agreement will enable both ACLEDA and JCBI customers/cardmembers and merchants to broadly expand their payment coverage globally. The most important point is ACLEDA ATM Cardholders can upgrade their status with ACLEDA and JCB card which enable them to pay at over 26 million JCBI merchants locations, and over a million cash advanced locations in 190 countries and territories in the world. It is not only facilitating domestic and international payment, but it also eases the cardholders and merchants of both ACLEDA Bank Plc. and JCBI in general payment, and of course it is offering the multichannel of choice for global payment from anywhere, and anytime they wish to do."

About ACLEDA Bank Plc.

ACLEDA Bank Plc. has sustainably providing financial products and services for more 22 years for all segment of the community - both private and public sectors through 252 branches throughout Cambodia, and via electronic infrastructure network globally; and it has four subsidiaries: ACLEDA Securities Plc., ACLEDA Training Center Ltd., ACLEDA Bank Lao Ltd. (41 branches and offices in Laos) and ACLEDA MFI Myanmar Co., Ltd. (6 branches and offices in Myanmar) with the bank's assets of USD 2.79 billion by the end of August 2014. And strategically, ACLEDA Bank Plc. is in the partnership with Japanese Bank, Sumitomo Mitsui Banking Corporation (SMBC), and British Life Assurance Company, Prudential (Cambodia) Life Assurance Plc. and others. It has 484 correspondent banks with their branches around the globe.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 26 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 16 countries and territories, with more than 84 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, visit: www.jcbcorporate.com/english

Note: JCB statistics included About JCB are as of the end of March 2014.

For more information contact:

Dr. So Phonnary,
EVP & Group Chief of Operations Officer
ACLEDA Bank Plc.
Tel: 015 900 114
E-mail: [email protected]

Mr. Prom Visoth,
EVP & Group Chief Legal Officer
ACLEDA Bank Plc.
Tel: 015 900 133
E-mail: [email protected]

Ms. Ayako Tanaka
JCB International Co., Ltd.
Corporate Planning
Phone: +81-3-5778-8390
Email: [email protected]

Source: JCB

Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Palerra, the cloud security automation company, announced enhanced support for Amazon AWS, allowing IT security and DevOps teams to automate activity and configuration monitoring, anomaly detection, and orchestrated remediation, thereby meeting compliance mandates within complex infrastructure deployments. "Monitoring and threat detection for AWS is a non-trivial task. While Amazon's flexible environment facilitates successful DevOps implementations, it adds another layer, which can become a ...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, S...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Delphix, the market leader in Data as a Service (DaaS), has been announced winner of the DevOps Solution Award at the prestigious Computing Vendor Excellence Awards in London. The awards celebrate the achievements of the technology vendors and service providers that are leading the field of enterprise IT. Delphix was recognised as the vendor demonstrating the most effective support of DevOps culture for its ability to improve time to market and collaboration between teams.
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Sysdig has announced two significant milestones in its mission to bring infrastructure and application monitoring to the world of containers and microservices: a $10.7 million Series A funding led by Accel and Bain Capital Ventures (BCV); and the general availability of Sysdig Cloud, the first monitoring, alerting, and troubleshooting platform specializing in container visibility, which is already used by more than 30 enterprise customers. The funding will be used to drive adoption of Sysdig Clo...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
"We do data integration for B2B also application to application, and we do data management and enable Big Data," explained Pat Adamiak, Vice President, Product Marketing at Liaison Technologies, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.