CardWeb.com’s CardConferences today features the MOBILE WALLET 2015 conference, August 18-21, at the Grand Hyatt Jakarta, Indonesia.
Next week is the important World Economic Forum on East Asia in Jakarta (Apr 19-21). MasterCard released the latest findings of basic finance knowledge and skills across Asia/Pacific and discovered a stall in 12 of 16 countries with record lower scores in the latest Financial Literacy Index.
Currently the only international payment brand originating in Japan grew leaps and bounds last year. During 2013, the JCB card reached a milestone as it now has more than 15 million cardholders outside Japan. JCB also expects annual transaction volume to surpass $200 billion in 2014. JCB now has more than 350 issuing and acquiring partners worldwide, with card issuance in 15 countries and acceptance in 190 countries and territories. More than 23 million merchants worldwide serve JCB’s 81 million affluent cardholders. Here is an overview of JCB’s progress in 2013.
Bank CIMB Niaga Tbk, the 5th Largest Bank in Indonesia and PT. JCB International Indonesia, a subsidiary of JCB International Co, Ltd., the international operation subsidiary of JCB Co., Ltd., are pleased to announce the commencement of partnership for credit card issuance and merchant acquiring business. JCB and CIMB Niaga are due to launch the merchant acquiring business in July 2013 and are ready to accept JCB card as means of payment, starting with Jakarta and Bali as the first area to be focused. Having JCB as a new principal for credit card issuing business provides CIMB Niaga with more credit card products to target the affluent segments. With the strong presence of JCB merchants across East Asia, especially Japan, Korea and China, the new CIMB Niaga JCB Credit Card will provide benefits to the cardmembers since many of the cardmembers from this segment are traveling to those countries.
mopay mobile payment solutions for online merchants continued global expansion with two new representative offices in Asia. Located in Seoul, Korea and Jakarta, Indonesia, mopay’s expanded presence will support Asian online merchants to grow internationally. Since establishing its regional headquarter in Beijing in 2010, mopay has succeeded in building a well-trusted payment brand among Asian merchants, acquiring over 100 new clients in the region, including Tencent, Shanda Interactive and Changyou. Today, mopay is working with nine out of China’s top ten online game companies.
PointsPay mwallet/mpayment solution was launched in October in conjunction with Etihad Airways, converting virtual currency such as miles and points into over 150 global currencies for use as payment at over 30 million merchants worldwide. PointsPay shows a rapid upswing of user adoption with 2.6% of the active program members registered; 148,000,000 points loaded (growing at 47% monthly); 3,400 prepaid cards issued; 24% of transactions carried out at merchants in store; and 83% of members remain with a positive points account balance after a transaction PointsPay was used at over 1,200 different merchants worldwide in 62 countries.
Ingenico payment solutions acquired the payment solutions activity of PT Integra Pratama (PT Integra) POS, subject to authority approval. This acquisition will boost Ingenico’s presence in a particularly dynamic market where the Group has a direct local presence with Bank Mandiri and has been addressing all financial institutions indirectly through PT Integra. Over the last ten years, PT Integra has an installed base of close to 500.000 POS terminals. The acquired activities fully cover POS terminal services, including a mix of terminal sale and rental, field and maintenance services.
Tyfone partnered PT Number One (www.no1.co.id) secure ID card and card personalization solutions business, bringing the suite of Tyfone mobility solutions to the Indonesian market, starting with the financial services industry. Tyfone’s robust, carrier neutral and device independent, mobile financial solutions suite branded iCashe™ includes: mobile banking; patented smartcard based identity management for mobile security; and mobile payments, with and without NFC. PT Number One enabled the personalization of more than 100 million cards for Indonesia’s leading banks, including each of the top 10 banks. The partnership combines PT Number One’s business acumen and market share with Tyfone’s proven ability to deliver integrated mobile banking and mobile payments functionality on a single platform.
Indonesian restaurant chain Es Teler 77 and point of sale software developer Volante Systems have partnered in a 180 store enterprise POS rollout. Starting from humble beginnings with one stall in the parking garage of a Jakarta Indonesia shopping mall, Es Teler 77 now boasts of 180 stores in four countries. The business operates under…
JCB International has appointed Kimihisa Imada to serve as Deputy President at its shareholders’ meeting held effective immediately. With more than 30 years’ experience under his belt at the Bank of Tokyo-Mitsubishi in corporate banking and business with key enterprises in global markets, Kimihisa Imada spent 8 years all together in Los Angeles as General Manager of the Bank of Tokyo-Mitsubishi from 2006 to 2008 and VP, Union Bank of California’s Pacific Rim Corporate Group. His most recent responsibility before joining JCB was General Manager of the bank’s Jakarta Branch from 2008. Mr. Imada has a bachelor’s degree in commerce from Hitotsubashi University and a master’s degree in business administration from the University of Chicago.
Comparing the purchasing power in 73 cities around the globe throughout
March and April, research shows New York, Oslo, Geneva and Tokyo as the
world’s most expensive cities. Based on a the same standardized basket
of 122 goods/services and rent prices used to measure the more expensive
global cities, Kuala Lumpur, Manila, Delhi and Mumbai were found as the
most affordable. Employees in Zurich and Geneva, followed by Copenhagen
and New York, have the highest gross wages. Employees in Delhi, Manila,
Jakarta and Mumbai earns less than one-fifteenth of Swiss hourly wages
after taxes. This research, according to UBS’s “Prices and Earnings”
study, also found purchasing power of wages afforded an average
wage-earner in Zurich and New York to buy a nano from an Apple store
after nine hours of work while workers in Mumbai need to work 20
nine-hour days to purchase the same exact product. The implementation of
this specific, highly uniform product available everywhere with the same
quality clearly illustrates the differences in employee purchasing power
around the world. Additional UBS findings show the longest working hours
were seen in Asia and the Middle East, averaging 2,119 and 2,063 hours
per year respectively; 2,373 hours per year Cairo, the most in any
surveyed city; and the least were worked in Lyon, France with only 1,582
annual hours worked per employee.
Bank Central Asia (BCA) of Indonesia and Wincor Nixdorf have partnered
to redesign some of the Bank’s branches throughout the country. With
input from the architect partner, Kranz InnenArchitekten, the new
design will focus on an open-concept branch to offer faster, more
efficient services consisting of customer service, teller-transaction
and the self-service zones, which include Wincor Nixdorf’s ATM and kiosk
terminal solutions. This Wincor Nixdorf environment design optimizes
foot-traffic patterns for BCA to ensure customers are directed to the
appropriate bank areas immediately and can experience ‘active waiting
zones’, featuring daily news and advertisements. German-based Wincor
Nixdorf IT solutions employs more 9,500 associates and is present in
more than 100 countries.