View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 6, 2011

BOCI and JCBI sign acquiring agreement

The credit card arm of Bank of China and Hong Kong (BOCHK) has signed an agreement with Japanese payment network JCBs subsidiary JCB International (JCBI) to begin acquiring e-commerce merchants in China.

By Verdict Staff

The credit card arm of Bank of China and Hong Kong (BOCHK) has signed an agreement with Japanese payment network JCB’s subsidiary JCB International (JCBI) to begin acquiring e-commerce merchants in China.

The e-commerce market is growing rapidly in China, almost tripling in sales volume from 2007 to 2010. In line with this fast growing trend, BOC Credit Card International (BOCI) and JCBI are aiming to further strengthen their alliance by enabling JCB card acceptance at major e-commerce merchants in China for about 69m JCB cardholders worldwide.

BOCI and JCBI will continue to expand JCB card acceptance at China’s retail merchants as well as in the e-commerce space to meet the growing needs of JCB cardholders for wide card acceptance coverage in the country.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International