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JCB Cards now accepted at Maybank merchant terminals in Singapore

By Gloria Mathias

February 16, 2024

  • Abroad Payments
  • APAC news
  • Asia
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JCB International, E-Commerce Spending, Cart Abandonment, Cross-Border Purchase, Global Payments, FinTech, Japan, Asia, Europe, Maybank, Fintech News, Card Acceptance, Malaysia, Merchant Portals, APAC News, JCB International (JCBI), the international operations subsidiary of JCB, has announced the acceptance of JCB Cards on the merchant terminals of Maybank Singapore  (Maybank), one of Asia’s banking groups, in Singapore.

With this latest development, JCB Cards are being accepted in three of Maybank’s key markets, namely; Singapore, Malaysia, and Indonesia.

Singapore is one of the key travel destinations in Southeast Asia, and its inbound tourist arrivals hit 13.6 million in 2023. In addition, tourists from Japan, major ASEAN countries and territories, Taiwan, and India will account for approximately 42% of Singapore’s inbound tourists in 2023.

While JCB has more than 156 million cardmembers across the world, JCB’s growth in ASEAN regions, Taiwan, and India has seen an extraordinary rise in the last few years. In ASEAN regions, JCB experienced exponential growth in card base between 2018 and 2023. In Taiwan, there are currently 29 banks issuing JCB Cards, and in India, there have been approximately 1 million RuPay JCB Cards since their launch two years ago.

Tessa Er, Head of Cards and Personal Loans at Maybank Singapore said, “We are very pleased to partner with JCB as we continue to serve and enhance the payment convenience for customers. As inbound tourism continues its growth momentum, we look forward to enabling more customers to spend on experiences that matter most to them with ease.”

“Maybank and JCB have a long history of collaboration in Malaysia and Indonesia. In addition to card acceptance, Maybank also issues JCB cards in Indonesia. We are therefore grateful to be able to extend our cooperation to Singapore. The acceptance of JCB Cards at Maybank merchant terminals will provide our card members with further convenience when travelling to Singapore. We look forward to deepening the relationship between the two companies through further successes in the near future,”  said Hiroko Michishita, Managing Director, JCB International Asia Pacific.

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