In a recent partnership with Caixa Economica Federa, JCB International, Japan-based payment brand and credit card issuer & acquirer will be issuing its cards in Brazil from April next year.
JCBI currently services 24 million merchants worldwide and has 80 million card members. It has partnered with Cielo, a Brazilian credit card acquirer leading to the acceptable of its credit card at any Ciello merchant (1.2 million).
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The plan is to add debit and brand cards, but to start with, JCBI’s credit cards will be made available – 5 million accounts in the next three year.