Citibank Vietnam and ACE Life Insurance Co., Ltd. (ACE Life Vietnam) last week announced their cooperation in launching Citibank ACE Life Platinum MasterCard Credit Card. According to Vu Tuyet Van from Citibank, clients wanting to use the card need to have a monthly income of at least VND15 million. The card fee is VND1 million per year with a maximum credit limit of up to VND300 million per... 

The State Bank of Vietnam (SBV) will this year complete all related legal frameworks for the use of plastic money – credit and debit cards, as well as other forms of electronic payment. It will also release national criteria for the issuance of domestic credit cards and implement a project to develop automatic payment systems for retail banking services. These steps will be taken as part of the... 

The Techcombank Visa Platinum card has been rolled out for high-value VIP clients who enjoy travel, tourism and shopping. “In addition to the general advantage of the Visa Platinum card, Techcombank Visa Platinum card is the only international card product in Vietnam to provide concierge and lifestyle services in Vietnamese and English,” Dang Tuyet Dung, head of personal financial services at... 

HSBC Vietnam Bank has been awarded the prestigious ‘Visa Leadership in Payment Volume’ prize for the second straight year. In a statement the lender released last Friday, the bank said it had beaten 35 other financial institutions to win the award for recording the largest amount of payments through Visa’s credit card both locally and overseas. Launched in Vietnam in 2008, HSBC Visa credit... 

After the public got amazed by the information about Google and Facebook alleged tax evasion, it has been shocked again by the news that Vietnam fails to control the cash flow which goes out of the Vietnamese territory, via credit cards. 80 percent of transactions carried out via credit cards Quan, who is working for a digital content company in HCM City, has affirmed that most popular payment method... 

Total non-cash payments in Vietnam reached $32 billion by late 2011, showing that consumers are increasingly using bank cards for their transaction, according to the Bank Card Association. The Dong A Joint Stock Commercial Bank (DongABank) is one of the banks with the largest number of cards issued, with more than 6 million cards. Non-cash payments using the bank’s cards in 2011 increased by... 

Wholesaler Metro Cash & Carry (Metro) Vietnam on Saturday signed agreements with Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Visa Worldwide Pte Limited to allow customers to pay by debit and credit card. With the agreements in place, the Metro Cash & Carry stores in Vietnam will accept local debit cards (or ATM cards), and international debit and credit cards... 

The Vietnam Banking Card Association has predicted that about 40 million cards would be issued by December 31, 2011. The total turnover of cards of different kinds is estimated to reach 3.2 billion dollars by the end of the year, while the total payment turnover of domestic ATM cards would be 2.4 billion dollars. Market growing fast, but… By June 30, 2011, Vietnam had issued 36 million cards, seven... 

HSBC has launched a new Platinum Visa credit card and introduced the reduced varied administration fees for foreign currency transactions made with the bank’s credit and debit cards. Sumit Dutta, HSBC Vietnam’s CEO, said both new customers and existing customers who chose to upgrade from their Gold Visa card to platinum would continue to enjoy the convenience, top-grade security and global recognition... 

ANZ is to launch its ANZ Visa Platinum Credit Card in Vietnam, a move which will see the lender providing exclusive privileges to its growing number of wealthy customers in the country. Signature Priority Banking customers will automatically qualify to receive the ANZ Signature Priority Banking Visa Platinum Credit Card, and selected customers will qualify for the ANZ Visa Platinum Credit Card. Tareq...