Danamon begins issuing a special card for affluent customers in ASEAN in partnership with Indonesia's Danamon. The initiative is the first under the strategic comprehensive collaboration between MUFG Bank and JCB in ASEAN. This has been summarized as a lead of approximately 80–120 Japanese characters.
PT Bank Danamon Indonesia Tbk, a major private-sector bank in Indonesia, and JCB International have begun issuing the Danamon JCB Treasure Card for Danamon's affluent customers. The card is positioned as the first initiative under the strategic comprehensive collaboration in ASEAN being advanced by JCB and MUFG Bank.
The card targets affluent and mass-affluent customers in Indonesia. As demand for overseas travel and cross-border spending grows, it provides Japanese-brand benefits and uniquely Japanese experiences as added value. The combination of MUFG Group's partner banks and JCB's international payment network aims to create new value for affluent customers.
Over the medium to long term, the parties will consider linking JCB's payment functions with those of digital financial services providers invested in by MUFG and expanding cross-border payments and mobile functions. They aim to advance digital payment services in ASEAN and promote travel to Japan and stimulate local experiences and spending by expanding collaboration with Japanese companies.