Feb 13, 2023 16:00 JST

Source: JCB

JCB Reaches One Million RuPay JCB Card Issuance Mark in India
The global payments brand aims to grow the card user base by 30-fold in the next five years

TOKYO, Feb 13, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, today announced issuance of one million Rupay JCB Cards in India. These credit and debit cards, issued by 12 public and private sector banks and co-badged as RuPay JCB Cards, offer their cardmembers a seamless payment experience within and outside India.

Along with the 3-fold growth in card issuance, a significant growth in Rupay JCB Card usage was also seen with international spending growing 8-fold between April 2022 to December 2022. This is expected to further grow rapidly given the extremely lucrative international campaign currently available for RuPay JCB cardmembers. All RuPay JCB cardmembers are eligible for a whopping 40% cashback on face-to-face transactions in Singapore, Thailand and Bahrain. The maximum cashback amount per transaction is 3,000 INR and maximum cashback amount per one card is 15,000 INR within the campaign period. The current campaign started on December 29, 2022 and will conclude on March 31, 2023.

This is the second such campaign as RuPay JCB just concluded a similar 40% cashback campaign in UAE, Qatar and Australia. The offer was on face-to-face transactions from October 1 to December 31, 2022. This campaign has also successfully increased the number of transactions and was well appreciated by bank issuers and cardmembers.

In addition to this, there are multiple on-going offers across countries in different categories such as retail store, restaurant, hotel and transport.

Mr. Yoshiki Kaneko, President & COO, JCB International Co., Ltd. said, "We are very proud of our strategic partnership with NPCI. This first million Rupay JCB issuance milestone is a testament to the strength of our partnership which will continue to grow in the coming years. India is a key market for JCB with huge potential given the aspirational young and vibrant base of consumers who especially enjoy international travel and new experiences. We are confident the feature-rich RuPay JCB Card, which offers many international benefits to its cardmembers including international airport and JCB PLAZA Lounge access, besides many special offers, discounts, and cashbacks that saves our cardmembers' money, will be well enjoyed outside India. We will continue to focus on and invest in growing the India business through our esteemed partner, NPCI, to ensure that our issuing partners always have access to the best-in-class technology to create path-breaking products."

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 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 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/

Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Source: JCB
Sectors: Cards & Payments, Retail & eCommerce, Daily Finance, Daily News, Regional, Local Biz

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

JCB and BNI Launch the BNI JCB Ultimate Card
September 21 2023 08:00 JST
JCB and PAYONE Unlock JCB Contactless and J/Secure(TM) Acceptance across Germany and Austria
September 07 2023 11:00 JST
JCB launches JCB Minions Collaboration Credit Card in partnership with Bank of Beijing and Universal Pictures
August 25 2023 11:00 JST
JCB launches new whitepaper providing insights for European merchants to capitalise on the rise of e-commerce spend by Asian online shoppers
August 24 2023 11:00 JST
JCB donates to wildfire recovery efforts in Hawaii
August 23 2023 07:00 JST
JCB launches second round of Red Guahan Shuttle Free Ride Campaign in Guam
August 07 2023 10:00 JST
Soft Space, Hong Leong Bank and JCB Expand JCB Card Acceptance in Malaysia
August 02 2023 09:00 JST
JCB announces JCB Contactless acceptance in the e-payment system of Tramways in Hong Kong
August 01 2023 15:00 JST
EazyPay and JCB sign acquiring agreement to enable the acceptance of JCB Cards through its POS & e-commerce merchants in the Kingdom of Bahrain
June 19 2023 11:00 JST
JCB launches 50% cashback promotion on train, bus and ferry in Kansai area with Nankai Group
June 15 2023 11:00 JST
More Press release >>

Latest Press Release

More Latest Release >>