JCB International (JCBI), a subsidiary of Japan-based JCB and a global payment brand, has announced that Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietin Bank), a credit card acquiring bank in Vietnam, has started to facilitate JCB credit card acceptance in Vietnam based on the agreement signed by both parties in December 2007.
The arrangement includes enabling JCB cardmembers to use their JCB credit cards for purchases at approximately 3,500 Vietin Bank merchants by March 2011.
JCB entered this partnership with the aim of increasing convenience both for tourists from all over the world and for the increasing number of employees of subsidiaries of Japanese companies residing in Vietnam. Vietin Bank aims to improve services for their merchants by accepting JCB, the credit card brand with a growing cardmember base in Asia.
Tsuyoshi Notani, managing director of JCB International (Thailand), said: “Vietnam will continue to be an important market for JCB and JCBI in terms of JCB Card acceptance. In order to enhance the JCB merchant network, we have been building and strengthening alliances with leading banks and financial institutions in Vietnam.
“I believe this will further increase the level of cardmember convenience throughout Vietnam, especially popular tourist sites such as Hanoi and Ho Chi Min City.”
