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ABA and JCB Partner to Enable Payment Acceptance in Cambodia
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Advanced Bank of Asia Ltd. (ABA Bank), the digital banking leader in Cambodia and a subsidiary of National Bank of Canada, signed the License Agreement and announced the launch of JCB payment acceptance in Cambodia.
This partnership will enable JCB Cards to be used at ABA merchant network across Cambodia, which will provide greater convenience to JCB cardholders. JCB has been expanding the issuing business in the ASEAN countries including Cambodia.
JCB and ABA plan to expand the partnership to all ABA merchants including acceptance at PayWay online payment platform and ATMs by the end of 2021.
Askhat Azhikhanov, CEO of ABA Bank said: “We are delighted to announce our partnership with JCB, one of the world leaders in payment services. Under the agreement, ABA merchants and JCB cardholders will be able to broaden their payment opportunities through our extensive networks across the country. Witnessing solid economic and business ties of Cambodia and Japan, we believe that this cooperation will bring benefit to Japanese businesses and individuals in the Kingdom and will enhance the efficacy of the Cambodian payments industry.”
Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said: “We are honored to announce the partnership with ABA. The acceptance of JCB Cards in ABA merchants will increase the convenience to our customers in and outside of Cambodia. I believe that this partnership will contribute to the further growth of digitalization in this highly potential market and hope to seek for further business opportunities with ABA.”
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