A memorandum of understanding will be signed on Wednesday between the nation’s two biggest card unions, Smartlink Card Services Joint Stock Company (Smartlink) and Vietnam National Financial Switching Joint Stock Co. (Banknetvn), to merge the former into the latter. According to a source from the State Bank of Vietnam (SBV), the agreement marks the first step of merging three card unions on... 

The total value of card transactions in the January-September period amounted to nearly VND29 trillion at home, up 52% year-on-year, reported Smartlink Card Services Joint Stock Co. Smartlink is in charge of managing 95% of the total number of Automated Teller Machines (ATM) and Points of Sale (POS) in the local market. Transaction value of ATM and POS handled among member banks was VND13.343 trillion... 

The State Bank of Vietnam (SBV) along with 15 commercial banks and three switching companies, Banknetvn, Smartlink and VNBC, on Tuesday announced connection of points of sale (POS) network in Danang. Vo Minh, director of SBV branch in Danang, said this was part of the central bank’s project to encourage payment without cash in the country and the city joins Hanoi and HCMC in developing the program. With... 

Standard Chartered Bank (Vietnam) today announced it would be the first international bank to join the Smartlink network. This move will offer Standard Chartered Bank customers access to over 5,000 ATMs nationwide, and will also strengthen the collaboration between Smartlink’s member banks. Standard Chartered Bank cardholders will be able to perform all basic transactions including cash withdrawal,... 

HCMC – Fifteen commercial banks and three card service corporations on Thursday announced to get connected to the POS (point of sale) machines system in HCMC with an aim to create convenience for banks’ cardholders in payment without cash. Three corporations are Banknetvn, Smartlink, and V.N.B.C while 15 banks include top lenders like Vietcombank, Agribank, VietinBank, BIDV, ACB, Eximbank, and... 

Vietnam National Financial Switching Joint Stock Co (Banknetvn) and VietUnion Online Services Joint Stock Co (VietUnion) have clinched deal to kick off an online payment support service. Under the deal, customers having accounts at membership banks under Banknetvn Switching network will be able to pay for online shopping, pre-paid mobile phone’s recharging and bill payment service online via... 

The Viet Nam National Financial Switching Joint Stock Company (Banknetvn), the Smartlink Card Services Joint Stock Company (Smartlink) and eight commercial banks linked in the first phase of a Point-of-Sale (POS) network late yesterday, Sept 28. The eight banks are Vietcombank, Agribank, Vietinbank, BIDV, Techcombank, VIB, SeaBank, and Ocean Bank. Their new network will allow their card holders to... 

With the country’s three automated teller machine operators, Smartlink, VNBC, and Banknetvn, linking up, banks expect use of non-cash payments to increase strongly as consumers capitalize on the increased convenience. Nguyen Van Dung, deputy director of the Ho Chi Minh City branch of the State Bank of Vietnam, said banks have the infrastructure to connect their points of sale (POS) and only the fees... 

HCMC – As three local card networks of Smartlink, VNBC, and Banknetvn have connected with each other, lenders expects non-cash payment made via banks would increase strongly in the future. Nguyen Van Dung, deputy director of the central bank’s HCMC Branch, told the Daily that the future trend would be payment via banks because lenders had connected their automated teller machine (ATM) systems,... 

HCM CITY — Local bank-card companies are promoting the connection of their automatic teller machines (ATM) and point of sale (POS) systems nationwide to create convenience for customers and contribute to the development of non-cash payment tools in Viet Nam. Ly Thi Ngoc, deputy general manager of Viet Nam Bank Card Joint-Stock Co (VNBC), said in May the number of Smartlink cardholders withdrawing...