AMEX looks to double Japan profit

Nov 26, 2014

AMEX looks to double Japan profit

by Minoru Matsutani

The Japanese unit of American Express Co. wants to double its profit and market share by attracting owners of small companies as customers and increasing partnerships with other card issuers, its president said Wednesday. “We don’t have a time frame, but we want to ...

Aug 11, 2014

JCB targets ¥22 trillion in billings in three years

JCB Co. plans to boost annual billings, including for shopping and loans, to some ¥22 trillion by the end of the 2016 business year, Ichiro Hamakawa, president of the major credit card company, said in a recent interview. JCB had ¥18.93 trillion in billings ...

Jun 6, 2014

Kids using parents' cards to buy phone game access

Children are increasingly paying to play smartphone-based games by secretly using their parents’ credit cards, the National Consumer Affairs Center of Japan warned Friday. There were 490 cases of children under 10 brought to consumer centers nationwide in fiscal 2013, a roughly threefold rise ...

Oct 11, 2013

Japan credit card sales seen accelerating on stock rally

Japanese credit card transactions will accelerate this year as rising stock prices boost consumer confidence and spending, according to Sumitomo Mitsui Financial Group Inc.’s card unit. “Luxury items are selling well,” Hideo Shimada, president of Sumitomo Mitsui Card Co., said in Tokyo this month. ...