Saudi Arabian financial group, Bank AlJazira has partnered with Japan-based credit card company, JCB International to enable JCB acceptance throughout its POS and ATM network in the kingdom.
The partnership will enable Bank AlJazira to accept JCB Cards across their network of POS terminals and ATM terminals deployed throughout the country and also provide greater convenience for JCB’s growing cardholders in Islamic markets.
JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and are accepted at about 37 million locations globally.
The partnership complements the role of Saudi Payments, the national foundation of digital payments and the developer and operator of the national payment infrastructure in the country, to enhance the financial landscape in the kingdom and enable international payment schemes to operate in the KSA market.
Saudi Payments aims to accelerate the transition to a society less dependent on cash, in line with the Saudi Central Bank’s strategy and the aspirations of the Financial Sector Development Program (FSDP) towards achieving the goals of Saudi Vision 2030.
Naif Al Abdulkareem CEO – Bank AlJazira
“JCB is a global payments brand that will add great value in increasing the acceptance of the payment in Saudi Arabia. In line with Saudi Central Bank strategy and Saudi Payments initiative to achieve 2030 vision, we are pleased to announce our partnership agreement with JCB which will enhance and enrich our business and satisfy the cardholders and merchants by providing our best payments solutions.”
The agreement would help add new channels of acceptance for the JCB branded cards in the Saudi market, and will enable visitors to the Kingdom from various countries to use their JCB Cards through the POS and ATM network of Bank AlJazira in stores and outlets across the kingdom, said Mr. Yuichiro Kadowaki, Director and CEO of JCB Middle East.
“This will help expand our business further in the kingdom. We look forward to this exciting opportunity as it is in line with the Kingdom’s enhanced Vision 2030 strategy and the ever-increasing close ties between Saudi Arabia and Japan,” stated Mr. Kadowaki.
