Close Menu
    Facebook X (Twitter) Instagram
    BusinessNews.phBusinessNews.ph
    Subscribe
    • Top Stories
    • Business
    • Events / Conventions
    • National
    • Technology
    BusinessNews.phBusinessNews.ph
    Home » Alinma Bank signs acquiring agreement with JCB International for local acceptance in the Kingdom of Saudi Arabia
    Uncategorized

    Alinma Bank signs acquiring agreement with JCB International for local acceptance in the Kingdom of Saudi Arabia

    By Marie JonesNovember 9, 2020
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Riyadh & Tokyo, Nov 9, 2020 – Alinma Bank has partnered with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd., Japan’s only international payment brand, to enable the acceptance of JCB Cards through its POS and ATM network devices deployed in the Kingdom of Saudi Arabia. The expansion is in line with the Kingdom’s strategic vision to promote both a cashless society and financial inclusion as part of Vision 2030.

    The partnership is also a continuation of JCB’s plan for entering the market in the Kingdom of Saudi Arabia, a destination of ever-increasing importance for its cardholders around the world for both business and tourism. The partnership will significantly give added convenience to JCB cardholders from the Islamic world, who frequently travel to Saudi Arabia for religious tourism.

    “I am delighted that we have entered into this partnership with Alinma Bank for the acceptance of JCB Cards,” said Mr. Yoshiki Kaneko, President and COO of JCBI. “Saudi Arabia has always been a very important destination for many of JCB cardholders, from both a business and religious perspective. With the strategic plan for Vision 2030, the country is now increasingly an important destination for tourism as well. Alinma Bank’s extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience. The partnership will also enhance the already close fraternal ties between Saudi Arabia and Japan.

    H.E. Mr. Abdulmohsen Al-Fares, CEO of Alinma Bank said: “We at Alinma Bank are so pleased to partner with JCB, whose reputation for the quality and reliability of their services precedes them. Through this agreement, Alinma will deepen its commitment to continually enhancing its service offerings for its partners (customers). Furthermore, this partnership will help Alinma support the kingdom’s ongoing progress toward the realization of Vision 2030, as well as the enablement of daily life and business activities of those who visit the kingdom each year.”

    About JCB

    JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes 34 million merchants in the world. JCB cards are now issued in 24 countries and territories with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

    About Alinma Bank

    Alinma Bank strives to deliver forward thinking, innovative, exemplary products and services that meet customer needs and expectations. Alinma today owns one of the most advanced banking infrastructures with regard to technological capabilities, branch network, remote channels, and product and service innovation. In addition, Alinma’s products and services are designed to meet the real and pressing needs of a growing and changing market. With full commitment to Saudi Arabia’s Vision 2030 initiative, Alinma understands the importance of continually transforming and refining its business in order to be of true value to its partners, the community, and the kingdom as a whole.

    Alinma Bank has four wholly owned subsidiaries: Saudi Financial Technology Company, Alinma Investment Company, Al-Tanweer Real Estate Company, and Alinma Cooperative Insurance Agency. The bank also holds a stake in and is a founder of Alinma Tokio Marine Company, which provides Shariah-compliant, cooperative insurance products and services, ERSAL Financial Remittance Company, and Bayan Credit Bureau Company.

    For the latest business and finance news in Asia - Business News Asia
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Mitsubishi Electric Building Solutions Launches a New Projection-type Hall Lantern for Overseas Markets

    May 15, 2025

    Making Anime More Interesting and Taking it into the Future, Launch of Three New Projects

    May 14, 2025

    Adyen and JCB launch Card-on-File Tokenization to Enhance Payment Security

    May 13, 2025
    Latest News

    Global Sports Brand U.S. Polo Assn. Launches Menswear in Argentina

    May 15, 2025

    International Medical and Healthcare Week Highlights Hong Kong’s Strengths in Medical and Innovation

    May 15, 2025

    African Mining Giant Intends to List in Hong Kong to Build West African Gold Leader

    May 15, 2025

    Mitsubishi Electric Building Solutions Launches a New Projection-type Hall Lantern for Overseas Markets

    May 15, 2025

    Business delegation concludes Middle East mission in Kuwait

    May 14, 2025

    Quotient Capital’s Strategic Outlook for 2025

    May 14, 2025

    Staying Ahead in the Digital Era as AI Takes Full Center Stage at InfoComm Asia 2025 — Visitor Registration Opens

    May 14, 2025

    OMP’s Unison Planning Achieves SAP(R) Certified Integration with RISE with SAP S/4HANA(R) Cloud

    May 14, 2025

    Making Anime More Interesting and Taking it into the Future, Launch of Three New Projects

    May 14, 2025

    Southeast Asian stem cell leader Medeze launches voluntary conditional cash partial offer for 10% stake in SGX-listed Cordlife Group Limited

    May 14, 2025

    EdgePoint completes 12 projects under its Connectivity for Communities Program, impacting more than 6,500 students across Malaysia, Indonesia and the Philippines

    May 13, 2025

    Widespread Use Of Illicit Streaming Devices In Taiwan Poses Potential National Cybersecurity Threat, New Research Finds

    May 13, 2025

    Adyen and JCB launch Card-on-File Tokenization to Enhance Payment Security

    May 13, 2025

    Euro Manganese Announces Appointment of Ms. Martina Blahova as Permanent President & Chief Executive Officer

    May 12, 2025

    India: Revolutionizing Video And Content For The Global Media And Entertainment Industy

    May 12, 2025
    BusinessNews.ph
    • Home
    • Business News Asia
    • Cebu Lifestyle Channel
    • Property News
    • Events News Asia.com
    • Contact Us
    • Cebu Business News
    © 2025 All Rights Reserved | BusinessNews.ph

    Type above and press Enter to search. Press Esc to cancel.