State Bank, a government-run bank in Mongolia has inked a payment card deal with JCB to mass issue debit cards. Mongolia is the 20th country where the JCB card is issued.
Kimihisa Imada, Deputy President of JCBI stated, “The new card issuing partnership with State Bank offers JCBI the opportunity to launch the JCB brand in Mongolia, a market with a high potential for growth in both card issuing and merchant acquiring business, as the central bank is making progress on building the payments infrastructure. I am delighted that the partnership enables State Bank and JCBI to provide people in Mongolia with more attractive services such as JCB Plaza Lounges and other T&E services that embody the Japanese spirit of hospitality.”
D. Batsaikhan, CEO of State Bank said, “State Bank has started to accept JCB cards through Bank of Mongolia since March 2014. Since then, we have stepped up our partnership to the next level as the first issuer of JCB card in Mongolia. It is a great honor for us to have such a world brand as a partner. We are aiming to provide services to the tourist and travelers on business from both countries and also for the Mongolian people who are living and studying in Japan. We hope that our partnership will introduce more attractive services to card members from both countries.”
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