The Japan-based card network JCB International is to open up access to Japanese ATMs for Chinese customers of China UnionPay (CUP). The move will enable CUP cardholders to have access to ATM networks in Japan through a gateway platform provided by JCB.
The acceptance will begin with the UFJ Bank ATM network of more than 6,000 ATMs from March 2006, marking the first time that CUP’s 800 million members will be able to use an ATM network in Japan, JCB says.
Following the arrangement with UFJ Bank, the acceptance will be expanded to Japan Post which will open its network of 26,000 ATMs to CUP cards starting in May 2006.
We are happy to partner with CUP for this new business opportunity, said Hiroya Nobuhara, chairman and CEO of JCB International.
Visitors from China to Japan will experience a significant increase in convenience, and this arrangement will certainly contribute to the expansion of Japan’s tourist industry and the creation of new opportunity for financial institutions in Japan by serving Chinese travelers, he added.