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NPCI, Japan's JCB to partner on payment cards
June 29, 2015 / 6:37 AM / in 2 years

NPCI, Japan's JCB to partner on payment cards

MUMBAI (Reuters) - National Payments Corporation of India (NPCI) and JCB International Co. Ltd, a subsidiary of Japan’s JCB Co. Ltd., are entering into a partnership for payment cards issuance and acceptance.

A RuPay sign is seen on the door of an automated teller machine (ATM) while a user is seen, at a commercial building in Mumbai September 11, 2014. REUTERS/Danish Siddiqui/Files

Under the pact, JCB cards will be accepted at all NPCI locations in India. The partnership will also include the issuance of RuPay/JCB international cards by NPCI member banks that will be globally accepted through the JCB network, the two companies said in a joint statement on Monday.

The two sides target to launch JCB acceptance business in India around the middle of next year and RuPay/JCB International card issuing business later in 2016.

NPCI also has another partnership with US-based Discover Financial Services card network for international acceptance of RuPay cards.

Reporting by Devidutta Tripathy; Writing by Swati Bhat; Editing by Sunil Nair

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