JCB International (JCBI) and Network For Electronic Transfers (Singapore) (NETS) have inked a new agreement under which NETS will accept JCB cards in Singapore.
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JCBI believes that the new partnership will facilitate local and global issued JCB cards with more acceptance points for card usage, thus supporting the Singapore government’s vision of a Smart Financial Centre where the usage of cash and cheques are minimized.
NETS CEO Jeffrey Goh said: "This strategic partnership aligns both NETS and JCBI’s interests to deliver greater benefits to Singapore merchants.
"With our latest offering, Unified POS, which is a single terminal that accepts different types of payments, our merchants will be able to offer more payment options as they tap on a sizeable pool of JCB cardmembers and the significant number of Japanese tourists in Singapore."
JCB International Asia Pacific managing director Vincent Ling said: "As Singapore continues to be a key tourist destination in Asia Pacific, a stronger JCB card acceptance will bring about enhanced conveniences to JCB cardmembers."
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By GlobalData
