Terry KS INDONESIA, 7 OCTOBER 2026 – JCB International Co., Ltd. (JCB International), the international operations subsidiary of Japan’s premier payment brand JCB Co., Ltd., has officially joined forces with PT Bank Danamon Indonesia Tbk (Danamon) to launch the Danamon JCB Treasure Card tailored specifically for affluent clients in Indonesia.
This launch serves as the debut initiative arising from the comprehensive strategic partnership in the ASEAN region forged between MUFG Bank, Ltd. (MUFG Bank) and JCB, following a memorandum of understanding inked in July 2026. Under this collaboration, JCB introduces its most exclusive card product ever released outside its home market of Japan.
The decision to launch this product stems directly from the rapid expansion of Indonesia’s affluent and mass-affluent consumer segments, driven by robust economic growth and an increasing appetite for luxury travel, dining, and cross-border shopping. Japan remains a top travel destination for Indonesian high-net-worth individuals, creating high demand for specialized travel and lifestyle perks.
Danamon, a prominent private-sector financial institution in Indonesia and a core strategic partner of the MUFG Group, continues to enhance its wealth management offerings. By combining Danamon’s established private banking network with JCB’s global merchant ecosystem and bespoke Japanese lifestyle privileges, both entities aim to deliver unprecedented value to private banking clients.
Targeted exclusively at Danamon private banking customers, the Danamon JCB Treasure Card offers a range of high-end benefits. Key product features include dedicated reservation assistance for exclusive, hard-to-book fine dining establishments across Japan, highly competitive foreign exchange rates for overseas purchases, a 5 percent cashback on qualifying bill payments, complimentary global travel insurance, curated retail privileges throughout Japan, and worldwide airport lounge access.
Looking ahead, the broader MUFG Bank and JCB partnership seeks to integrate MUFG’s deep financial infrastructure and investments with JCB’s global payment framework. In the short term, the entities will continue introducing bespoke products across ASEAN markets. Over the medium to long term, the partnership will explore advanced cross-border payment enhancements and mobile integrations alongside MUFG-backed digital financial service platforms to accelerate digital economy growth across Southeast Asia.