Japan – JCB Accelerates Business Expansion in ASEAN Region with Opening of New Department in Singapore

JCB Co., Ltd., Japan’s only international payment brand is pleased to announce the establishment of a new ASEAN Business Enhancement and Creation Department under its subsidiary, JCB International Asia Pacific Pte Ltd.

JCB develops and provisions innovative technologies and services around the world. The ASEAN Business Enhancement and Creation Department will further accelerate the development of new payment services through strategic partnerships and investments with local financial institutions and start-ups and with Japanese companies operating in the rapidly growing ASEAN region.

In addition, the new department will proactively seek to create new business opportunities beyond the framework of JCB’s current payment business in the ASEAN region.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 36 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact:
Kumiko Kida, Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-

Fujitsu Accelerates Investment in Promising Tech Startups with Establishment of 10 Billion Yen Corporate Venture Capital Fund and Management Subsidiary

Fujitsu Limited today announced the establishment of Fujitsu Ventures Fund LLC, a corporate venture capital (CVC) fund totaling 10 billion yen, under the management by the subsidiary Fujitsu Ventures Limited. The new fund will target investments in promising tech companies globally, including in Japan, the US, Europe, and Israel, and represents a key tool in a growth investment strategy to drive innovation and accelerate digital transformation (DX).

Following the establishment of Fujitsu’s first CVC fund in 2006, a second and third fund were subsequently established in 2010 and 2015. With these funds, Fujitsu has made investments in promising startups both in Japan and abroad, to deliver encouraging results. In 2015, Fujitsu additionally initiated its FUJITSU ACCELERATOR program to boost co-creation venture activities. To date, the program has successfully promoted cooperation with more than 100 global startups in the tech space. In 2020, the Strategic Growth & Investment team was established to lead Fujitsu Group’s inorganic activities which include investments into startups.

Partnering with dynamic startups represents an increasingly important priority in today’s competitive business environment, serving as an engine for growth through innovation and DX. To this end, Fujitsu will establish a new CVC fund to further enhance the Strategic Growth & Investment team’s startup investment capabilities and to enable more agile investments and further amplify the impact of its growth investment strategy, which remains a central element in its management direction policy. Fujitsu will make investments to bolster the foundation of innovative technologies that underlies DX and to create new business opportunities, by encouraging greater collaboration between start-ups and the company with a deeper involvement in the FUJITSU ACCELERATOR program.


Topic: Press release summary