JCB Co. plans to start a credit card business in Myanmar next year, initially targeting foreigners visiting the country and then issuing cards to local consumers starting in 2014, company sources said Friday.
The Tokyo-based company will start building its service network in Myanmar next year by contracting with hotels and restaurants to accept JCB credit cards, they said.
JCB aims to start issuing its credit cards through local banks in 2014, the sources said. The company expects to become the first credit card issuer in Myanmar, which in October approved a plan by JCB and three other firms to operate a credit card business in the country, they said.