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Article: AEON Credit banks on new card to stay competitive
- Article from:
- New Straits Times
- Article date:
- September 14, 2009
- Author:
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Adeline Paul Raj
New Straits Times
09-14-2009
AEON Credit banks on new card to stay competitive
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: Company
AEON Credit Service (M) Bhd's (ACSB) move to come up with a new credit card was "necessary" for it to compete and stay relevant in the credit card industry, analysts said.
The new card allows it to tap on sister company AEON Co (M) Bhd's huge JCard loyalty cardmember base of more than 800,000 people.
AEON Co operates the Jusco department store and supermarket chain in the country.
ACSB managing director Naruhito Kuroda acknowledged this, saying that the credit card industry in Malaysia had become very competitive ...