KSA Business: Bank AlJazira, JCB partner to launch service in Saudi Arabia – Gulf Digital News

KSA Business: Bank AlJazira, JCB partner to launch service in Saudi Arabia – Gulf Digital News

Bank AlJazira, a leading shari'ah compliant financial institution in Saudi Arabia, has partnered with JCB International to enable JCB acceptance throughout its POS and ATM network in the kingdom.

JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 37 million locations globally. 

This partnership will enable Bank AlJazira to accept JCB Cards across their network of POS terminals and ATM terminals deployed throughout the kingdom and also provide greater convenience for JCB's growing cardholders in Islamic markets, said the statement from the Saudi bank.

The partnership complements the role of Saudi Payments, the national foundation of digital payments and the developer and operator of the national payment infrastructure in the kingdom, to enhance the financial landscape in the kingdom and enable international payment schemes to operate in the KSA market, it stated.

Saudi Payments aims to accelerate the transition to a society less dependent on cash, in line with the Saudi Central Bank's strategy and the aspirations of the Financial Sector Development Program (FSDP) towards achieving the goals of Saudi Vision 2030. 

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