CONNECT WITH US:
Apr 13, 2023 15:00 JST
JCB and The Saudi National Bank Sign an Agreement to Allow the Acceptance of JCB Cards Through its Points of Sale and ATMs in The Kingdom of Saudi Arabia
RIYADH & TOKYO, Apr 13, 2023 - (JCN Newswire) - As part of its continuous efforts to develop electronic payment services, the Saudi National Bank and JCB agreed the acceptance of the JCB Card through about 306,351 POS and 3,088 ATMs across the Kingdom of Saudi Arabia.
This came as a result of a partnership agreement signed between the Saudi National Bank (SNB) and JCB International Co. Ltd., the international operations subsidiary of JCB Co. Ltd., Japan's only international payment brand. The partnership will provide greater convenience for JCB's growing cardholders in the middle east markets to benefit from the usage of their JCB Cards throughout the Saudi National Bank POS and ATM network across the Kingdom.
This step will allow JCB cardholders visiting the Kingdom, whose numbers are increasing in the global markets, to carry out financial operations with greater ease, safety, and comfort. Realizing the importance of moving the customer experience towards new horizons of excellence with the best global banking solutions, it is an important step in the Bank's relentless endeavor to enrich the customer experience, and in cultivating this partnership for enhancing financial inclusion in line with the Saudi Vision 2030.
Mr. Ahmed Bassam Abu Khamsin, Head of Global Transaction Banking at the Saudi National Bank commented on this partnership: "As a leading Saudi Bank, we always aspire to build strategic partnerships with significant international organizations to cope up with technology, support the Saudi Vision 2030 agenda, and meet our customers' needs. The Saudi National Bank is a primary banking service provider and such partnership will help JCB penetrate the Saudi market."
Commenting on this partnership, Mr. Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said: "Saudi Arabia is one of the most important travel destinations for our cardholders. Given the evolving strategy of the the Saudi Vision 2030, and in line with the growing relationship between the two countries, we are pleased to sign this partnership with the Saudi National Bank, one of the largest banks in the region, to allow the acceptance of JCB Cards inside the Kingdom. This partnership will serve business and tourism requirements of our cardholders."
It is noteworthy that the Saudi National Bank (SNB) banking services are widespread and accept a wide range of international payment and credit cards, in addition to JCB Cards, Japan's only international payment brand with more than 150.5 million cards issued around the world.
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/
About The Saudi National Bank (SNB)
The Saudi National Bank (SNB) is the largest financial institution in Saudi Arabia and one of the largest powerhouses in the region. SNB plays a vital role in supporting economic transformation in Saudi Arabia by transforming the local banking sector and catalysing the delivery of the Saudi Vision 2030. Its strategy is closely aligned with the Saudi Vision programs. The Saudi National bank also leverages its position as the largest institutional and specialized financier in the Kingdom to support the Kingdom's landmark deals and mega projects. The Saudi National Bank (SNB) vision is to be a primary financial and banking service provider locally and regionally through achieving strategic aspirations to have the highest revenues, profit, customer service, digital banking, the employer of choice, and the best Shariah-compliant products service provider in the world. For more information, please visit:
JCB Co., Ltd:
Sectors: Cards & Payments, Daily Finance, Daily News, Regional, Local Biz, FinTech
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Value Research Center (VRC) at SSUNGA78: 'How Purpose, Value, and Impact will Drive a Sustainable Post- SDG Future'
Sep 22, 2023 21:00 JST
TOYOTA GAZOO Racing returns to South American roads
Sep 22, 2023 18:26 JST
Fujitsu marks next stage of "Work Life Shift" with new corporate hubs in Tokyo area to boost productivity, data-driven management
Sep 22, 2023 16:20 JST
Fujitsu and Hokuhoku Financial Group launch trials for generative AI to streamline operations for Hokuriku Bank and Hokkaido Bank
Sep 22, 2023 12:32 JST
Innovative MedTech Welcomes Visionary Frederick Schilling to its Corporate Advisory Board
Sep 21, 2023 22:30 JST
Eisai: Release of Dementia Disease Awareness Videos for World Alzheimer's Day, September 21
Sep 21, 2023 12:26 JST
JCB and BNI Launch the BNI JCB Ultimate Card
Sep 21, 2023 09:00 JST
Takasago Hydrogen Park, the World's First Integrated Validation Facility for Technologies from Hydrogen Production to Power Generation, Enters Full-Scale Operation
Sep 20, 2023 19:05 JST
HRC and Takaaki Nakagami Agree to Renew Contract
Sep 20, 2023 15:24 JST
Lexus Presents the Theme of Diversification and Electrification Aiming to Deliver New Value to Customers
Sep 20, 2023 11:22 JST
Hitachi Industrial Products to Launch High-capacity Multi-port EV Charger
Sep 19, 2023 20:06 JST
Honda and Toray Begin Joint Demonstration of Closed-loop Recycling of Nylon Resin
Sep 19, 2023 12:07 JST
Fujitsu launches new offering to support sustainable enterprise transformation as Japan's first premium supplier for RISE with SAP
Sep 19, 2023 10:34 JST
Fujitsu strengthens DX consulting capabilities with plans to acquire Australian consultancy MF & Associates - investing for government and healthcare customer success
Sep 19, 2023 10:05 JST
Quantum Computing Startup - Nanofiber Quantum Technologies Secures $8.5m Funding
Sep 18, 2023 04:40 JST
SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution
Sep 15, 2023 18:51 JST
Fujitsu and the Linux Foundation launch Fujitsu's automated machine learning and AI fairness technologies as Linux Foundation hosted open source projects
Sep 15, 2023 10:23 JST
A New Era: Challenges in Lunar Exploration and Manned Lunar Orbital Base Development
Sep 14, 2023 17:04 JST
MHI Becomes a Full Member of the Japan Center for Engagement and Remedy on Business and Human Rights (JaCER)
Sep 14, 2023 14:45 JST
Fujitsu and Baptist Health South Florida transform operating room scheduling with newly launched solution to boost utilization rates and the financial health of the surgical discipline
Sep 14, 2023 10:33 JST
More Latest Release >>