CIMB Niaga and JCB launch JCB Contactless Credit Card in Indonesia
JAKARTA & TOKYO, Sep 03, 2021 - (JCN Newswire) - PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia (JCB), as subsidiaries of JCB International Co Ltd., launched the CIMB Niaga JCB Contactless Credit Card in Jakarta, Friday, 3 September 2021. This credit card with contactless technology was developed in line with the rapid growth of credit card technology and the COVID-19 pandemic situation. The Contactless Credit Card can make it easier for customers to transact as well as become an alternative faster payment solution. Supported by dual liaison capabilities, this credit card can still be used for transactions using the dipping method.
CIMB Niaga Consumer Banking Director, Lani Darmawan, said, "CIMB Niaga continues to develop innovative products and services by adopting the latest technology. One of them is through the CIMB Niaga JCB Contactless Credit Card. With this card, customers can transact at various merchants without touching other objects. We hope that this initiative can improve customer experience in the midst of the current situation."
Meanwhile, President Director of PT JCB International Indonesia, Takumi Takahashi, said, "We are delighted that CIMB Niaga is the first bank in Indonesia to implement JCB Contactless through the launch of the CIMB Niaga JCB Contactless Credit Card. This contactless payment is safe and convenient for customers. We believe this new product will contribute to accelerating digitization in the payment industry in Indonesia."
The issuance of the CIMB Niaga JCB Contactless Credit Card is an initiative of CIMB Niaga and JCB to provide an easier, faster and simpler transaction experience. With the contactless method, according to Bank Indonesia regulations, customers do not need to enter a PIN for nominal transactions under Rp. 1 million, while transactions above Rp. 1 million require a PIN. As for the transaction process, customers just need to tap-and-go. This is faster than inserting a card into an Electronic Data Capture (EDC) machine or paying with cash.
In addition, Contactless Credit cards also have the same level of security as dipping cards. Every contactless transaction on the card reader or EDC machine will be processed by the Bank and JCB card processing network through an authorization that is as secure as transactions through the dipping method.
CIMB Niaga JCB Contactless Credit Card customers can use the JCB Contactless feature at more than 100 thousand merchants in Indonesia. In addition, over the past three years, the number of JCB Contactless partners globally has also continued to grow.
About CIMB Niaga
CIMB Niaga was established under the name of Bank Niaga in 1955. Approximately 92.5% of CIMB Niaga's shares (including those owned by PT Commerce Kapital of 1.02%) are owned by the CIMB Group. CIMB Niaga offers complete banking products and services, both conventional and Sharia, through a 428 office network as of 30 June 2021, consisting of 358 branch offices, 37 Digital Lounges and 33 Mobile Branches. CIMB Niaga has 12,389 employees (consolidated) as of June 30, 2021.
CIMB Group is the second largest financial services provider in Malaysia and one of the leading universal banking groups in ASEAN. The products and services it offers include consumer banking products and services, investment banking, Islamic banking, asset management and insurance. CIMB Group is headquartered in Kuala Lumpur, and operates in all ASEAN member countries (Malaysia, Indonesia, Thailand, Singapore, Cambodia, Brunei, Vietnam, Myanmar, Laos, and the Philippines). In addition to the ASEAN region, CIMB Group has also established offices in China, Hong Kong, India, Sri Lanka, the United States, the United Kingdom, and Korea. CIMB Group's shares are listed on Bursa Malaysia through CIMB Group Holdings Berhad. As of 30 June 2021, the group has a market capitalization value of USD 11.1 billion.
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 36 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. 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/
Contacts JCB Ayaka Nakajima Corporate Communications JCB Co., Ltd. Tel: +81-3-5778-8353 Email: jcb-pr@jcb.co.jp
CIMB Niaga Deddy T. Hasibuan Media Relations and Reputation Group Head PT Bank CIMB Niaga Tbk Tel: +6221 2700555 Website: www.cimbniaga.com
Source: JCB / CIMB Niaga Sectors: Cards & Payments, Daily Finance, Daily News, Regional, Local Biz
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
|
Latest Press Release
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System Mar 28, 2024 16:45 JST
| Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan Mar 28, 2024 13:52 JST
| Toyota Releases Sales, Production, and Export Results for February 2024 Mar 28, 2024 13:35 JST
| TANAKA to Install 500 kW Fuel Cell System to Promote the Use of Hydrogen Energy at Production Plants Mar 28, 2024 03:00 JST
| PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles Mar 27, 2024 15:13 JST
| NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy System Mar 27, 2024 15:00 JST
| TANAKA Holdings Announces Green Loan Financing for Construction of New Head Office Building Mar 27, 2024 03:00 JST
| JFE Steel and Hitachi Jointly Started Providing Solutions for the Steel Industry Mar 26, 2024 19:04 JST
| La Banque Postale and JCB join forces to elevate payments experience for travellers in France Mar 26, 2024 15:00 JST
| Fujitsu Tech Leverages AI and Underwater Drone Data for 'Ocean Digital Twin' Mar 26, 2024 10:24 JST
| NEC develops marketing strategy planning & effectiveness simulation technology using generative AI Mar 25, 2024 10:08 JST
| Toyota to Open New Tokyo Head Office in Shinagawa in FY2030 Mar 22, 2024 16:15 JST
| Hitachi Selected as CDP Supplier Engagement Leader for the Third Consecutive Year Mar 22, 2024 16:04 JST
| Mitsubishi Motors Celebrates Production of 100,000th fully electric minivehicle Mar 22, 2024 15:34 JST
| JCB and AEON Credit Service Indonesia Launch the AEON JCB Precious Card Mar 22, 2024 15:00 JST
| JCB Issues White Paper on Calculating CO2 Emissions by Payment Method in Japan Mar 22, 2024 12:00 JST
| NEC and NTT successfully conduct first-of-its-kind long-distance transmission experiment over 7,000km using 12-core optical fiber Mar 22, 2024 08:38 JST
| Lifenet and Eisai Co-Develop Dementia Insurance "be" Mar 21, 2024 17:36 JST
| Toyota: Clarification of the Roles of and Expectations for Outside Executives, Revision of the Independence Assessment Criteria, and the Changes to Members of the Board of Directors and the Audit and Supervisory Board Members following the 120th Ordinary General Shareholders' Meeting Mar 21, 2024 16:47 JST
| Sales of Evolved GR Yaris to Start in April, While Purchasing Lotteries for WRC Driver-supervised Special Editions Start Today Mar 21, 2024 16:31 JST
|
More Latest Release >>
|