ZIRAAT BANK, ONE OF THE LARGEST BANKS IN TURKEY, HAS SIGNED A COOPERATION AGREEMENT WITH JCB

A formal partnership has been signed between JCB International Co., Ltd, the international operations subsidiary of JCB Co., Ltd, and Ziraat Bank, one of the largest banks in Turkey. This collaboration means that JCB Cards will be accepted by over 500,000 merchants in Turkey using Ziraat Bank POS devices and cash registers. Further, approximately 7,300 Ziraat Bank ATMs in Turkey will also accept JCB Cards.

Ziraat’s member merchants that will benefit most from this new cooperation are those that will also help Turkey to recover and grow its share in international tourism when restrictions are lifted. These businesses largely operate in the face-to-face (F2F) travel, retail, and accommodation sectors.

Card payments are increasing in Turkey in line with 2023[1] cashless society goals. This cooperation will create a great opportunity for Turkish companies to connect with Asian consumers, while at the same time expanding the payment network of JCB in Europe

 

Cüneyt SAĞLIK, Executive Vice President for Payment Systems and Loan Processes of Ziraat Bank, comments; “Our Bank, which operates with its subsidiary banks and branches in 112 locations in 17 countries around the world, and JCB, one of the world’s largest payment networks, initiated an important cooperation by signing this agreement. As a result of Ziraat Bank’s widespread payment network, JCB cardmembers will be able to safely shop at 500,000 merchants using the card of their choice and meet their cash needs more conveniently by using approximately 7,300 Ziraat Bank ATMs.”

 

Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., says; “Turkey is a very important market for JCB cardmembers. In 2020, Ziraat Bank was selected as Turkey’s most popular bank for the 5th time and this is proof of its strength in the market and a testament to its customer service quality. Therefore, this collaboration we established with the aim of expanding our payment points for our cardmembers is a very exciting step for JCB. We look forward to working closely with Ziraat Bank to support the growth of merchants that now have the chance to welcome JCB cardmembers to their customer network.”

 

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