LankaClear and JCBI Partner to Establish National Card Scheme in Sri Lanka

Colombo and Tokyo, June 22, 2017 – (ACN Newswire) – LankaClear (Private) Limited (LankaClear), an organization incorporated in 2002 and owned by the Central Bank of Sri Lanka (CBSL) and all Licensed Commercial Banks operating in Sri Lanka, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (JCB), announced on June 20 that both parties have entered into a strategic partnership for the establishment of the National Card Scheme (NCS) to introduce the issuance of LankaPay-JCB co-branded cards and to jointly promote the acceptance of such cards with JCB payment solutions.

By integrating JCB payment solutions to LankaPay participant members and leveraging the planned interconnection between the payment networks of LankaClear and JCB, the LankaPay-JCB co-branded cards issued by LankaClear participant members would be accepted globally via the JCB International network and locally through the LankaClear network.

In addition, the strategic partnership would also facilitate the acceptance of international JCB cards at ATMs an ...

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