PT Bank Rakyat Indonesia (BRI) has inked a new partnership for card payment business with JCB. This new deal partnership starts from the acceptance of JCB cards at BRI’s acceptance locations, as well as payment card issuing with JCB brand.
BRI is also expanding its consumer business and celebrated the opening of its new branch in Singapore along with the signing ceremony with JCB on 21 August 2015, taking place in front of government official and business owners.
BRI owns a large card acceptance network with over 21,215 ATMs and more than 153,786 EDC terminals (merchants) spread all over Indonesia as of the end of June 2015, and plans to grow a minimum of 85,000 EDC each year. BRI also wants to grow its credit card issuing business a minimum of 25% for issuing model over the 841,000 cards from last year with their unique selling proposition.
The first phase of the partnership, enabling JCB cards, whose number exceeded 89 million, to be accepted at all of BRI’s 175,001 ATMs and EDC terminals. For ATM acceptance this phase has been in progress since early 2015, while for EDC acceptance, it expected to be launched by the end of this year, followed by phase 2, JCB credit card issuing, which is now being discussed and targeted for 2016.
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