Thimphu, Bhutan, September 26, 2016 – With the launch of Japan Credit Bureau (JCB) cards, the Bank of Bhutan (BoB) will become the first bank in the country to accept cards issued by Japan Credit Bureau International Company. This partnership coincides with the 30th Anniversary of the establishment of diplomatic relations between Bhutan and Japan.
JCB is a major global payments 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 about 31 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 21 countries and territories, with more than 95 million card members.
This banking partnership makes possible the acceptance of any JCB Branded Debit and Credit Cards at any of BoB’s Point of Sale (PoS) terminals and ATMs across Bhutan. BoB at present has more than 480 PoS terminals in various merchant locations and 82 ATM’s set up across the nation.
With JCB acceptance introduced in addition to existing Visa and MasterCard, the Bank of Bhutan now accepts three major International card brands covering most of the major cards issued worldwide.
Quote by CEO, Mr. Pema N. Nadik – “The introduction of JCB card acquiring has been long awaited given the popularity of Bhutan as a destination for Japanese travelers. With JCB cards now being accepted in Bhutan through the network of Bank of Bhutan’s ATM and POS terminals, visitors holding JCB cards have the option of making payments securely through this payment channel.”
Established in 1968 through a Royal Charter the Bank of Bhutan is the oldest and largest bank in the Kingdom with a presence in all Dzongkhags through a network of 29 branches and 18 extension counters. The Bank has the largest network of 82 ATMs spread throughout the country. BoB is the only bank in the Kingdom with primary membership of Visa and MasterCard and is the only bank-issuing Visa branded Credit Cards for corporates and individuals.