|
|
Article: JCB, ORIX and Majid Al Futtaim Group Establish Joint Venture for Credit Card Business in the UAE.
- Article from:
- JCN Newswires
- Article date:
- January 26, 2007
CopyrightCOPYRIGHT 2007 Japan Corporate News Network K.K. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Tokyo, Japan, Jan 26, 2007 - (JCN Newswire) - JCB, ORIX Corporation (ORIX), and Majid Al Futtaim Group announced today an agreement on a joint venture for a credit card business in the Middle East and North Africa (MENA). Headquartered in Dubai, the United Arab Emirates (UAE), the venture MAF JCB Card PJSC is planning to start issuing JCB cards this July and also developing JCB license partners for JCB card issuing and merchant acquiring businesses.
Hiroya Nobuhara, President and CEO of JCB said, "This is a big step for JCB in expanding its operations in the MENA region. For the first time since JCB launched its international operations in 1981, it is taking ...