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.
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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.
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