AEON Credit Service (M) Bhd is aiming for double-digit growth in credit card issuance for the financial year ending Feb 20, 2013.
Managing Director Yasuhiro Kasai said the company planned to launch a platinum credit card before year-end for high-end customers, apart from the present classic and golden cards.
"We are also aiming to attract a third of the existing JCard members to convert to credit cards.
"However, the effort is expected to take more than two years to reach the desired conversion target," he told reporters after the company's annual general meeting today.
Currently, AEON Credit has 900,000 JCard members and 165,000 credit card holders, accounting for slightly more than two per cent of the credit card market share.
Yasuhiro said although personal financing is the biggest revenue contributor to AEON currently, used-car financing possessed a huge potential to be the company's future growth driver.
He said for the past year, the company had been aggressively recruiting used-car dealers as business partners.
"We have to date, 800 dealers as partners for the used-car financing business," he added.
He said the company also planned to open four more branch and service centres this year to expand its exposure. The centres will be located in Banting, Bangi, Gombak and Subang in Selangor.
Listed on the main-market of Bursa Malaysia Securities Bhd, AEON, is a subsidiary of Japan's AEON Credit Service Co Ltd. Its core business is the provision of easy payment and personal financing schemes as well as the issuance of credit cards. -- Bernama
