JCB International and CIMB Bank Singapore with Wirecard Seal Merchant Acquisition Partnership

PR66851

TOKYO and SINGAPORE, Dec.12, 2016 /PRNewswire=KYODO JBN/--

     JCB International Co., Ltd. ("JCBI"), the international operations

subsidiary of JCB Co., Ltd., CIMB Bank Singapore ("CIMB") , and Wirecard AG

("Wirecard") are pleased to announce their signing of a License Agreement to

begin JCB merchant acquiring services in Singapore. Through the partnership,

JCB card acceptance facilities will be available at CIMB merchants.

    With its ASEAN footprint firmly in place, CIMB is a befitting partner with

JCBI on both the local and regional front.  Having established similar

collaborations in Malaysia and Indonesia, this new License Agreement extends

the collaboration into other parts of Southeast Asia and enhances cooperation

in the region.

    Tourism is a key contributor to the Singapore economy and the country is a

popular destination for regional JCB cardmembers. This new merchant acquisition

partnership with CIMB will bolster the JCB card acceptance network in the

market and promote new merchants to JCBI's  rapidly expanding cardmember base

from Asia during their stay in Singapore.  

    Vincent Ling, Managing Director of JCB International Asia Pacific Pte Ltd.,

commented, "As Singapore continues to be a key tourist destination for Asians

including Japanese, Korean, and Chinese, a stronger JCB card acceptance will

bring about enhanced convenience to JCB cardmembers. JCBI is pleased to

collaborate with CIMB Bank Singapore and we look forward to working closely

together to serve our cardmembers, merchants and business partners better."

    Mak Lye Mun, CEO of CIMB Bank Singapore and Country Head of CIMB Group

Singapore said, "As a leading bank in ASEAN, CIMB Bank is proud to expand our

payment acceptance offering with JCBI in Singapore. This partnership unlocks

opportunities for our merchant acquiring business and I'm confident it will

benefit both merchants and JCB cardmembers through greater card acceptance and

increased payment options."

    CIMB Bank Singapore's one-stop merchant solution is in partnership with

Wirecard, a global leader in electronic payment and mPOS technology and

infrastructure. Wirecard has been providing an integrated payment platform that

supports eCommerce, mCommerce, mobile and traditional Point-of-Sale, to

facilitate merchants' real-time tracking of transactions across multiple sales

channels as part of the partnership. Mr Jeffry Ho, Managing Director of

Wirecard Singapore, Malaysia, Hong Kong and Australia A&I added, "We are

delighted with another milestone of our partnership with CIMB Bank. We believe

that the CIMB-JCB initiative will certainly provide a better payment experience

for both merchants and JCB cardmembers in Singapore."

    About JCB  

    JCB is a major global payment brand and a leading payment 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 31 million

merchants and over a million cash advance locations in 190 countries and

territories. JCB cards are now issued in 21 countries and territories, with

more than 95 million card members. As part of its international growth

strategy, JCB has formed alliances with hundreds of 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.

    Note: Statistics  About JCB are as of March 2016.

    For more information, please visit: http://www.global.jcb/en/

    About CIMB Bank Singapore

    CIMB Bank Singapore was officially established on 29 September 2009 as part

of CIMB Group's longstanding commitment to Singapore - the Group has had a

local presence since 1947 through Ban Hin Lee Bank and acquired GK Goh

Securities in 2005. CIMB Bank Singapore represents the consumer banking arm of

CIMB Group, a leading ASEAN universal bank. Strategically located in the

financial centre of ASEAN and operating on a full banking license, CIMB Bank

Singapore offers individuals, businesses and corporate clients a comprehensive

suite of financial solutions.

    CIMB Group is Malaysia's second largest financial services provider and one

of ASEAN's leading universal banking groups. It offers consumer banking,

investment banking, Islamic banking, asset management and insurance products

and services. Headquartered in Kuala Lumpur, the Group is now present in nine

out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia,

Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence

in China, Hong Kong, Bahrain, India, Sri Lanka, Taiwan, Korea, the US and UK.

    CIMB Group has the most extensive retail branch network in ASEAN of more

than 1,000 branches as at 31 March 2016. CIMB Group's investment banking arm is

also one of the largest Asia Pacific-based investment banks, offering amongst

the most comprehensive research coverage of more than 1,000 stocks in the

region.

    CIMB Group operates its business through three main brand entities, CIMB

Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 97.9%

shareholder of Bank CIMB Niaga in Indonesia, and 93.7% shareholder of CIMB Thai

in Thailand.

    CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It

had a market capitalisation of approximately RM38.1 billion as at 30 June 2016.

The Group has 40,000 employees located in 17 countries.

    About Wirecard:   

    Wirecard AG is a global technology group that supports companies in

accepting electronic payments from all sales channels. As a leading independent

supplier, the Wirecard Group offers outsourcing and white label solutions for

electronic payments. A global platform bundles international payment

acceptances and methods with supplementary fraud prevention solutions. With

regard to issuing own payment instruments in the form of cards or mobile

payment solutions, the Wirecard Group provides companies with an end-to-end

infrastructure, including the requisite licences for card and account products.

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN

DE0007472060, WDI). For further information about Wirecard, please visit:

http://www.wirecard.com or follow us on twitter @wirecard.    

    Media contact:

    JCB International Co., Ltd.

    Ayako Tanaka

    Corporate Planning

    Tel: +81-3-5778-8390

    Email: jcbinternational-pr@info.jcb.co.jp;

    CIMB Bank

    Josandi Thor

    Senior Managing Director and Head

    Group Marketing, Brand and Sponsorship Management

    CIMB Group

    DID: +60-3-2261-0628 (Malaysia) I +65-6302-3885 (Singapore)

    Email: josandi.thor@cimb.com;

    Daryl Tan

    Assistant Vice President, Communications

    Group Marketing and Communications, Singapore

    DID: +65-6317-2334

    Mobile: +65-9720-8466

    Email: daryl.tan@cimb.com;

    Wirecard AG

    Iris Stoeckl

    VP Corporate Communications & Investor Relations

    Wirecard AG

    Tel: +49-(0)89-4424-1424

    Email: iris.stoeckl@wirecard.com

    SOURCE: Wirecard AG