In 1984, JCB decided to expand its cardholder base outside Japan and has been a steamroller ever since as global card transaction value has nearly doubled over the past five years. In 2014 JCB soared by 21.2%, following 21.0% year-on-year (YOY) growth in 2013.
In 2013, JCB issued 84.5 million cards and there were 27 million JCB merchants.
JCB card acceptance locations are increasing at a rapid pace through our alliance with Discover Financial Services, surpassing 8 million in 2014.
In Brazil, under a partnership with Cielo, the largest merchant acquirer in Brazil, the number of merchants accepting JCB Cards has now expanded to over 1.3 million.
In the Asia Pacific region, the fastest-growing card payment market in the world, JCB has actively expanded relationships with card issuing partners. In China, where JCB is building cardmember base through 10 major banks, about 10 million cards have been issued to date as growth exceeds that of any other country. In Korea,
where JCB has had a presence since1993, six banks launched
JCB cards and have issued more than 4 million cards.
JCB cardholders have been increasing in other Asian countries
such as Thailand, Vietnam, Indonesia, and Philippines.
Not only in Asia, JCB is also actively promoting JCB card
issuance in other parts of the world. In Europe, JCB formed an alliance for the issuing of JCB co-badged cards with the
German Banking Industry Committee (GBIC), responsible for operating the leading German debit card system “girocard,” and Italian national debit scheme, Consorzio BANCOMAT.
In Russia, the biggest privately-owned bank, OJSC Alfa-Bank, has signed a License agreement for JCB card issuing.
In Latin America, Caixa Econômica Federal, the largest public sector bank in the region, will soon begin issuing JCB cards.
RAM Research projects JCB card transaction value will top US$267 billion in 2015.
CARD TRANSACTION VALUE
2010: US$ 115 billion
2011: US$ 129 billion
2012: US$ 152 billion
2013: US$ 184 billion
2014: US$ 223 billion
Source: JCB; CardData
For more data on JCB access CardData®. For information and commentary on JCB visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. RAM Research® forecasts on JCB are available exclusively through CardWeb.com.®