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Finance

Singapore base to lead Credit Saison drive to triple overseas profit

Credit card issuer grants a degree of autonomy to its six Asian subsidiaries

By setting up Saison International in Singapore, the Japanese credit card issuer intends to speed up decision-making as it expands its overseas operations. (Photo by Yasuaki Sako)

SINGAPORE -- Credit Saison will give its new international headquarters in Singapore the authority to greenlight overseas investments and proposals that come from the Japanese financial group's operations in the rest of Asia as it pushes to triple its international profit ratio.

Besides Singapore, Credit Saison operates in Indonesia, Vietnam, Cambodia, Thailand and India. These markets currently account for almost 10% of the credit card issuer's profits. For the year ending March 2022, Credit Saison posted a business profit of 52 billion yen ($384 million), up 8% from the year before.

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