JCBI ventures into Brazil

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).

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.