JCB International Co., Ltd has announced that its JCB Cards are now accepted on the merchant terminals of Maybank Singapore Limited including 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 account for approximately 42% of Singapore’s inbound tourists in 20231
Those countries and territories coincide with JCB’s strengths in its card issuance base. While JCB has more than 156 million cardmembers across the world, JCB’s growth in ASEAN regions, Taiwan and India have seen an extraordinary rise in the last few years. In ASEAN regions, JCB experienced an exponential growth of 232% in card base from 2018 and 2023. In Taiwan, there are currently 29 banks issuing JCB Cards, and in India, there are approximately 1 million RuPay JCB Cards since its
launch two years ago.
Ms Tessa Er, Head of Cards and Personal Loans 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.”
