Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData.
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.
Most recently, Ho Chi Minh City-based Asia Commercial Bank (ACB) joined with Japan’s JCB to issue the first JCB debit card in Vietnam.
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.
CARD TRANSACTION VALUE
2010: US$ 115 billion
2011: US$ 129 billion
2012: US$ 152 billion
2013: US$ 184 billion
2014: US$ 223 billion
2015: US$:263 billion
2016: US$:310 billion
2017: US$ 366 billion
2018: US$ 432 billion
2019: US$ 515 billion
Source: JCB; CardData; RAM Research
For data, background and forecasts on JCB: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 payments metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).