On June 7, 2012, Himalayan Bank Limited (HBL) started acquiring business of JCB card through its network comprising more than 1,200 HBL merchants and 69 ATMs with JCB International CO., LTD. (JCBI), the international operations subsidiary of JCB CO., LTD and the only global payment brand and leading credit card issuer and merchant acquirer based in Japan. The JCB card members will be able to use JCB credit cards at HBL merchants in Nepal.


It is believed that this arrangement will increase convenience for over 77 million JCB card members largely based in Japan, China, Korea, Taiwan and other Asian countries who travel to Nepal.


It is worth noting that JCBI and HBL had entered into the Issuing and Acquiring License Agreement on May 13, 2011.