JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and JSCB Uzbek Industrial and Construction Bank are pleased to announce the start of JCB merchant acquiring operations across the Republic of Uzbekistan.
The introduction of a visa-free regime in 2018 with Japan, as well as the cooperation of Uzbek Industrial and Construction Bank with JCB International Co., Ltd. (Japan), will expand the tourism potential of Uzbekistan, increase cashless money circulation and improve the quality of customer service.
In 2019, JSCB Uzbek Industrial and Construction Bank launched a project to modernize card processing, the goals of which were the issuance of international cards with an electronic PIN code, multicurrency accounts and a credit limit on the card, and provision of service using international contactless card systems including JCB and the expansion of the acquiring network. As for today, the project has been implemented and testing and customization of new card products are underway.
According to Uzbek Industrial and Construction Bank, in January 2021, a new processing “WAY4” has been launched in a productive environment, where all JCB cardholders will be able to withdraw cash from ATMs of Uzbek Industrial and Construction Bank and pay for purchases in the network of the Bank's partners.
Takashi Suetsugu, the General Director of JCB International (Eurasia) LLC commented: “We are pleased to announce that Uzbek Industrial and Construction Bank, one of the largest and most reliable banks in the region with a high business reputation, has started to accept JCB Cards across the Republic of Uzbekistan. Uzbekistan is a popular tourist destination with an ancient history, rich cuisine, hospitable people. Uzbekistan attracts not only Russian tourists but also tourists from Japan and other Asian countries and regions, where there are traditionally many JCB cardholders. The introduction of a visa-free regime in 2018, as well as our cooperation with JSCB Uzbek Industrial and Construction Bank, will definitely contribute to an increase in the flow of tourists, as well as the creation of even more comfortable conditions for paying for purchases and withdrawing cash for JCB cardholders when traveling to the Republic”.
Deputy Chairman of the Board of JSCB Uzbek Industrial and Construction Bank Tavakkalov Ulugbek commented that the bank's ATM and terminal network serving Humo will simultaneously serve the cards of the JCB international payment system. Now there are 150 such ATMs and 16 000 such terminals.
UzA