SUMITOMO MITSUI FINANCIAL GROUP, INC.


Associated tags: SMFG, JCB, JCB Co., Ltd., Travel, Online shopping

Locations: TOKYO, JAPAN

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC’s Equity Ownership in Jefferies

Retrieved on: 
Thursday, April 27, 2023

The expanded alliance also includes joint coverage of designated investment grade clients that have banking relationships with SMBC and will now have dedicated Jefferies investment banking coverage.

Key Points: 
  • The expanded alliance also includes joint coverage of designated investment grade clients that have banking relationships with SMBC and will now have dedicated Jefferies investment banking coverage.
  • SMBC Group will be responsible for credit products and debt capital markets, while Jefferies will be responsible for M&A and equity capital markets.
  • In 2021, SMBC provided $2.25 billion in financing to Jefferies and purchased approximately 4.5% of the issued and outstanding common shares of Jefferies.
  • Jefferies LLC served as financial advisor and Cravath, Swaine & Moore LLP and Davis Polk & Wardwell LLP served as legal advisors to Jefferies.

New relationship enables over 150 Million JCB Cardmembers to make purchases across expansive Fiserv European merchant network

Retrieved on: 
Tuesday, April 4, 2023

Over 150 Million international JCB Cardmembers will be welcomed by participating merchant clients of Fiserv, Inc., a leading global provider of payments and financial services technology solutions that enables card acceptance for tens of thousands of merchants in the region.

Key Points: 
  • Over 150 Million international JCB Cardmembers will be welcomed by participating merchant clients of Fiserv, Inc., a leading global provider of payments and financial services technology solutions that enables card acceptance for tens of thousands of merchants in the region.
  • Fiserv, which was named Merchant Acquirer of the Year at the 2022 Merchant Payments Ecosystem Awards, will support JCB Contactless and J/Secure payment gateways for the European merchant communities.
  • This collaboration will allow secure, convenient and speedy payment gateways for our JCB Cardmembers and the valued merchant clients of Fiserv.
  • - J/Secure(TM) is JCB's authentication programme for card-not-present transactions, and it has been protecting JCB Cardmembers from identity theft since 2004.

JCB and Joint Stock Commercial Bank for Foreign Trade of Vietnam launch VCB JCB Platinum Credit Card in Vietnam

Retrieved on: 
Wednesday, March 29, 2023

TOKYO & HA NOI, Mar 29, 2023 - (JCN Newswire) - JCB International Co., Ltd., (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the launch of the Vietcombank JCB Platinum Credit Card.

Key Points: 
  • TOKYO & HA NOI, Mar 29, 2023 - (JCN Newswire) - JCB International Co., Ltd., (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the launch of the Vietcombank JCB Platinum Credit Card.
  • The new Vietcombank JCB Platinum card is launched to celebrate Vietcombank's 60th anniversary.
  • The cardholders have access the JCB acceptance network of approximately 41 million merchants around the world.
  • From the launch date, Vietcombank implements many promotion programs and benefits for cardholders to meet the needs of this special target segment.

JCB enables contactless payment acceptance at Red Lines in Bangkok

Retrieved on: 
Wednesday, March 1, 2023

TOKYO & BANGKOK, Mar 1, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, is pleased to announce the launch of a contactless fare payment service starting at the SRT Red Lines in Bangkok, Thailand.

Key Points: 
  • TOKYO & BANGKOK, Mar 1, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, is pleased to announce the launch of a contactless fare payment service starting at the SRT Red Lines in Bangkok, Thailand.
  • For JCB, the share of contactless payments is increasing, indicating that JCB cardholders prefer and are familiar with contactless payments."
  • Mr. Morita added, "JCB aims to enhance ease of payment for cardholders with a focus on contactless payments in mass transit systems.
  • From March 1, 2023 to May 31, 2023, JCB cardholders will enjoy a cashback privilege for Red Lines rides.

JCB Reaches One Million Rupay JCB Card Issuance Mark in India

Retrieved on: 
Monday, February 13, 2023

TOKYO, Feb 13, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, today announced issuance of one million Rupay JCB Cards in India.

Key Points: 
  • TOKYO, Feb 13, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, today announced issuance of one million Rupay JCB Cards in India.
  • Along with the 3-fold growth in card issuance, a significant growth in Rupay JCB Card usage was also seen with international spending growing 8-fold between April 2022 to December 2022.
  • This is expected to further grow rapidly given the extremely lucrative international campaign currently available for RuPay JCB cardmembers.
  • This first million Rupay JCB issuance milestone is a testament to the strength of our partnership which will continue to grow in the coming years.

JCB and Vietnam Prosperity Joint Stock Commercial Bank launch VPBank JCB Credit Card with a focus on Generation Z in Viet Nam

Retrieved on: 
Monday, February 6, 2023

TOKYO & HO CHI MINH, Feb 6, 2023 - (JCN Newswire) - JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a major commercial bank in Vietnam, announced the launch of VPBank JCB Credit Card in Vietnam.

Key Points: 
  • TOKYO & HO CHI MINH, Feb 6, 2023 - (JCN Newswire) - JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a major commercial bank in Vietnam, announced the launch of VPBank JCB Credit Card in Vietnam.
  • The new VPBank JCB Credit Card is the first credit card which is focused on Generation Z in the Vietnam market.
  • Holders of VPBank JCB Credit Card can access JCB's acceptance network with about 41 million merchants around the world.
  • From the launch date, VPBank is also starting to offer many promotion programs and benefits that meet with the needs of this special target segment of cardholders.

JCB offers 10% cashback campaign for JCB cardmembers for purchases in Japan

Retrieved on: 
Monday, January 16, 2023

TOKYO, Jan 16, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, announces the launch of a 10% cashback campaign for JCB cardmembers outside Japan for purchases in Japan starting January 16 2023.

Key Points: 
  • TOKYO, Jan 16, 2023 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, announces the launch of a 10% cashback campaign for JCB cardmembers outside Japan for purchases in Japan starting January 16 2023.
  • From January 16 to April 15 2023 (JST)[1], JCB cardmembers from outside Japan[2] receive 10% cashback when the accumulated spending amount for in-store purchases in Japan with 30,000 yen or above with JCB Card[3] use.
  • JCB offers beneficial campaigns and convenient services to JCB cardmembers across the world.
  • As a Japanese brand with a spirit of hospitality, JCB provides services that enrich JCB cardmembers' travel experience.

Opn and JCB Partner to Add JCB's Acquiring and Processing Capabilities to Opn's Payments Offering in Thailand

Retrieved on: 
Thursday, December 22, 2022

TOKYO and BANGKOK, Dec 22, 2022 - (JCN Newswire) - Opn, the global one-stop payment solutions provider, and JCB International Co., Ltd., the international subsidiary of JCB Co., Ltd., Japan's only international credit card brand announced that they partnered to add JCB's acquiring and processing Capabilities to Opn's payments offering in Thailand.

Key Points: 
  • TOKYO and BANGKOK, Dec 22, 2022 - (JCN Newswire) - Opn, the global one-stop payment solutions provider, and JCB International Co., Ltd., the international subsidiary of JCB Co., Ltd., Japan's only international credit card brand announced that they partnered to add JCB's acquiring and processing Capabilities to Opn's payments offering in Thailand.
  • This collaboration enables Opn to further streamline payments for its merchants while also expanding its product offering beyond merchant services into the acquiring-as-a-service vertical.
  • Merchants currently processing payments through Opn Payments will benefit from enhanced service stability and a more efficient and streamlined operations workflow.
  • Acquiring licenses are granted by JCB to large payments companies that offer services that cover all aspects of payment acceptance processing, including but not limited to risk underwriting, credit management and payment collection.

JCB identifies India as a key growth market for European merchants and acquirers to further propel digital payments and online spending

Retrieved on: 
Tuesday, November 29, 2022

[3]

Key Points: 
  • [3]
    Traditionally a "cash-first" society, there has been a significant shift towards digital and card payments as part of a "less-cash" movement in recent years.
  • This has been accelerated by government initiatives such as Digital India introduced with the specific aim to "transform India into a digitally empowered society and knowledge economy".
  • [4]
    The National Payment Corporation of India (NPCI), set up by the Reserve Bank of India and Indian Banks' Association, has been a major factor in enabling widespread digital payments in the region.
  • As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide.