Myanmar Citizens Bank to issue MPU-JCB Co-Branded Debit Card in Myanmar

Jul 01, 2020 12:00 JST

Source: JCB

Yangon and Tokyo, Jul 01, 2020 - (ACN Newswire) - Myanmar Citizens Bank (MCB Bank), a listed company on the Yangon Stock Exchange in the Republic of the Union of Myanmar (Myanmar), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced that MCB Bank will start to issue MPU-JCB Co-Branded Debit Cards as of June 2020.

The MCB MPU-JCB Co-Branded Card combines the MPU brand and JCB brand with the MCB brand, a strong and trusted banking brand in Myanmar. Cardmembers can use MPU's nation-wide merchant network in Myanmar and JCB's international merchant network with over 34 million locations globally.

The new MCB International Debit Card offers 2 different card types, Platinum debit card and Classic debit card. All the cardmembers can enjoy JCB privileges such as discounts at over 150 merchants in Yangon and also at an extensive merchant network around the world. JCB also provides lounge services in the city centers of several famous travel destinations such as Tokyo, Kyoto, Singapore, Hong Kong, Bangkok, Seoul, Taipei and Paris.

In addition to the above, the Platinum cardmembers can enjoy exclusive JCB Platinum services such as JCB Platinum airport lounge service for free at 61 lounges worldwide.

Takeshi Fujii, Chief Representative of JCB International (Thailand) Co., Ltd. (Yangon Branch) commented, "Myanmar is one of the most important countries for our global business expansion with the number of JCB cards in Myanmar now reaching 2 million. We would like to contribute significantly to the vision of a cashless society in Myanmar through this new tie-up venture with MCB".

Mr Godfrey Swain, CEO of MCB Bank commented, "I am delighted to announce the launch of Myanmar Citizens Bank MPU JCB Co-branded Debit card to support the needs of our customers with convenience of cashless transactions domestically in Mynanmar and internationally. The card can be used for all face-to-face and ecommerce payments as well as for ATM transactions. Our customers will enjoy the extensive range of merchant discounts and benefits that come with the card, please visit Myanmar Citizen Bank website for more product information. The launch of this card is another step forward in realizing the transformational vision of MCB Bank, a project that commenced in 2019 and is designed to transform the Bank by the year 2023.

About MCB

Established in 1992, Myanmar Citizens Bank is one of the first private commercial banks in the country, the first bank to be listed on the Yangon Stock Exchange and enjoys one of the fastest growth rates in Myanmar within the banking sector. MCB, a Bank with a traditional focus on Commercial and SME segments, is now rapidly expanding its Corporate and Retail banking arms distributing innovative and competitive products and services through a network of nearly 50 branches covering 26 cities in Myanmar. In 2019 MCB signed a wide-ranging, long term consultancy and partnership agreement with the International Financial Corporation (IFC), an arm of the World Bank, embarking on a three-year transformation journey to modernize and build its banking operations, product and service offerings as a best in class model, meeting and exceeding international banking standards, efficiency levels and customer service. For more information, please visit: https://www.mcb.com.mm

About JCB

JCB is a 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 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

JCB (Head Office in Japan)
Contact: Kumiko Kida, Ayaka Nakajima
Email: jcb-pr@jcb.co.jp
Phone: +81 3 5778 8353

Source: JCB
Sectors: Cards & Payments, Regional, Local Biz