TOKYO - MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group Inc., and JCB Co. on Monday agreed to collaborate on business expansion in Southeast Asia by offering a new luxury credit card to affluent individuals in the region.
The firms plan to launch a top-tier JCB credit card in October through PT Bank Danamon Indonesia Tbk, an MUFG-affiliated bank in Indonesia, and also provide concierge services for travel to Japan as the number of wealthy elites in the region rapidly increases due to economic growth.
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