| | JULY 20239IN FOCUSSAUDI NATIONAL BANK INKS NEW PARTNERSHIP AGREEMENT WITH JAPAN'S JCB INTERNATIONALThe Saudi National Bank and JCB reached an agreement allowing the JCB Card to be accepted at approximately 306,351 point-of-sale locations and 3,088 ATMs throughout Saudi Arabia as part of the Saudi National Bank's ongoing efforts to promote electronic payment services.This resulted from a collaboration agreement struck between the Saudi National Bank (SNB) and JCB worldwide Co. Ltd., the entity responsible for the company's worldwide activities and the sole provider of international payment services in Japan.According to a statement from both organizations, the partnership "will provide greater convenience for JCB's growing Cardholders in the Middle East markets to benefit from the usage of their JCB Cards throughout the Saudi National Bank POS and ATM network across the Kingdom."This action will make it easier for JCB cardholders travelling to Saudi Arabia to conduct financial transactions.Ahmed Bassam Abu Khamsin, Head of Global Transaction Banking at the Saudi National Bank commented on the partnership, saying: "As a leading Saudi Bank, we always aspire to build strategic partnerships with significant international organizations to cope up with technology, support the Saudi Vision 2030 agenda, and meet our customers' needs. The Saudi National Bank is a primary banking service provider and such partnership will help JCB penetrate the Saudi market."Commenting on this partnership, Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said: "Saudi Arabia is one of the most important travel destinations for our cardholders. Given the evolving strategy of the the Saudi Vision 2030, and in line with the growing relationship between the two countries, we are pleased to sign this partnership with the Saudi National Bank, one of the largest banks in the region, to allow the acceptance of JCB Cards inside the Kingdom. This partnership will serve business and tourism requirements of our cardholders."The financial services offered by the Saudi National Bank (SNB) are widely available and accept a variety of foreign credit and debit cards in addition to JCB Cards, the only international payment brand with more than 150.5 million cards issued worldwide.The Saudi National Bank and JCB reached an agreement allowing the JCB Card to be accepted at approximately 306,351 point-of-sale locations and 3,088 ATMs throughout Saudi Arabia as part of the Saudi National Bank's ongoing efforts to promote electronic payment services.This resulted from a collaboration agreement struck between the Saudi National Bank (SNB) and JCB worldwide Co. Ltd., the entity responsible for the company's worldwide activities and the sole provider of international payment services in Japan.According to a statement from both organizations, the partnership "will provide greater convenience for JCB's growing Cardholders in the Middle East markets to benefit from the usage of their JCB Cards throughout the Saudi National Bank POS and ATM network across the Kingdom."This action will make it easier for JCB cardholders travelling to Saudi Arabia to conduct financial transactions.Ahmed Bassam Abu Khamsin, Head of Global Transaction Banking at the Saudi National Bank commented on the partnership, saying: "As a leading Saudi Bank, we always aspire to build strategic partnerships with significant international organizations to cope up with technology, support the Saudi Vision 2030 agenda, and meet our customers' needs. The Saudi National Bank is a primary banking service provider and such partnership will help JCB penetrate the Saudi market."Commenting on this partnership, Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said: "Saudi Arabia is one of the most important travel destinations for our cardholders. Given the evolving strategy of the the Saudi Vision 2030, and in line with the growing relationship between the two countries, we are pleased to sign this partnership with the Saudi National Bank, one of the largest banks in the region, to allow the acceptance of JCB Cards inside the Kingdom. This partnership will serve business and tourism requirements of our cardholders."The financial services offered by the Saudi National Bank (SNB) are widely available and accept a variety of foreign credit and debit cards in addition to JCB Cards, the only international payment brand with more than 150.5 million cards issued worldwide.
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