When you go shopping and make a payment at a cashier, the familiar blue, red, and green logo of "JCB" often catches your eye, sharing space with the well-known Mastercard and Visa logos. But have you ever wondered about the significance of this logo and why it stands alongside its globally recognized counterparts? In this article, we'll explore JCB, a unique payment processing network that plays a pivotal role in the world of electronic transactions.
JCB, another player in the payment processing network arena
As mentioned in our previous article, JCB is not just a logo but a payment network processor similar to Mastercard and Visa. These entities serve as third-party facilitators, enabling electronic transactions between various parties involved in payment processes. With their logos adorning debit and credit cards, these services empower individuals to make purchases at a multitude of stores worldwide.
To gain further insights into payment network processors, you can explore our article that delves into the workings of these systems, available here.
Now, let's examine what sets JCB apart from Mastercard and Visa.
Exclusive benefits in Japan
To grasp the differentiation, let's explore the acronym JCB. It stands for Japan Credit Bureau, signaling that it is a Japanese company with a primary emphasis on the Japanese market. JCB offers unique benefits within Japan that may not be available when using Mastercard or Visa.
JCB cardholders enjoy special privileges, such as discounts and free bus tickets in Japan. For example, utilizing a JCB card to purchase limousine bus tickets from major Japanese airports offers a 20% discount. In Fukuoka Airport's international terminal, JCB cardholders can even obtain a free Nishitetsu Airport Bus ticket to the city with a JCB card and an international airport ticket stub.
While JCB is rooted in Japan, it has expanded its presence globally, becoming the only Japanese brand offering a comprehensive international network. Currently accepted in 190 countries, JCB's global reach aligns with its initial objective: promoting Japanese tourism through travel and spending. Outside Japan, JCB cards are widely accepted at stores related to Japan or frequently visited by Japanese tourists.
If you've dined at Japanese restaurants abroad, chances are they accept JCB cards—this has been the author's experience when visiting such establishments in Indonesia and Singapore.
They also have credit cards
In contrast to Mastercard and Visa, JCB distinguishes itself by not only serving as a payment network processor but also as a provider of credit cards. Having originated as a credit card company, JCB has expanded its offerings to encompass the issuance of its credit cards, underscoring its deep ties to the credit industry.
If you wish to submit an application, you can explore their offerings on their website (only available in Japanese).
What should I choose then for a credit card?
Now, as we delve into the realm of financial choices, whether you're a resident of Japan or a frequent visitor to Japanese locales, opting for a credit card featuring the distinctive JCB logo or securing the JCB credit card itself is a wise choice. The exclusive benefits that come with it are not only convenient but also tailored to enhance your experiences, making each transaction a seamless and rewarding part of your journey.