JCBI signs licence pact in Singapore 

Through the partnership, JCB card acceptance facilities will be available at CIMB merchants.
With its Asean footprint firmly in place, JCBI sees CIMB as a befitting partner on both the local and regional fronts. After JCBI established similar collaborations in Malaysia and Indonesia, this new licence agreement enhances cooperation in the Southeast Asia region.
Tourism is a key contributor to Singapore’s economy and the country is a popular destination for regional JCB card members. This new merchant-acquisition partnership with CIMB will bolster the JCB card-acceptance network in the market and add new merchants to JCBI’s rapidly expanding card-member base among people from Asia during their stay in Singapore. 
Vincent Ling, managing director of JCB International Asia Pacific, said that as Singapore continues to be a key tourist destination for Asians including Japanese, Koreans and Chinese, a stronger JCB card-acceptance network would bring about enhanced convenience to JCB cardholders. 
“JCBI is pleased to collaborate with CIMB Bank Singapore and we look forward to working closely together to serve our card members, merchants and business partners better.”
Mak Lye Mun, chief executive of CIMB Bank Singapore and country head of CIMB Group Singapore, said that as a leading bank in Asean, CIMB was proud to expand its payment-acceptance offering with JCBI in Singapore. 
“This partnership unlocks opportunities for our merchant-acquiring business and I’m confident it will benefit both merchants and JCB card members through greater card acceptance and increased payment options,” Mak said.
CIMB Bank Singapore’s one-stop merchant solution is in partnership with Wirecard, a global leader in electronic payment and mPOS (mobile point of sale) technology and infrastructure. 
Wirecard has been providing an integrated payment platform that supports e-commerce, m-commerce, and mobile and traditional point-of-sale solutions to facilitate merchants’ real-time tracking of transactions across multiple sales channels as part of the partnership. 
Jeffry Ho, managing director of Wirecard Singapore, Malaysia, Hong Kong and Australia A&I, said: “We are delighted with another milestone of our partnership with CIMB Bank. We believe that the CIMB-JCB initiative will certainly provide a better payment experience for both merchants |and JCB card members in Singapore.”