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Japanese payment system wants to serve Russian customers

Kommersant announces the plans of the Japanese payment system JCB (Japan Credit Bureau) to enter the Russian market. JCB must obtain permission from the Central Bank, for which the necessary documents are already being prepared.

Alfa-Bank will become the settlement bank of the system in Russia if it enters the market.

Currently, the system works in 190 countries and individual territories and has alliances with more than 350 partners around the world. At the beginning of 2014, JCB released more than 80 million cards.

Alfa Bank’s processing center director, Vilen Timiryazev, who confirmed the information on negotiations with JCB, believes that the target audience of JCB cards will be citizens who often fly to China, Japan, South Korea, where Visa and MasterCard are not well represented.

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