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The cash volume withdrawn from Automated Teller Machines (ATM) systems of local banks in January is estimated to hit some VND60 trillion, four times higher than other previous months, said Smartlink Card Services Joint Stock Co. The upsurge is attributed to strong cash demand during the Lunar New Year holiday, or Tet, said Smartlink, which operates the payment clearing system connecting 35 member... 

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... 

Customers visiting branches of Standard Chartered Bank take less than an average of two minutes to be served. This is the result of a newly launched initiative – 8 minute Service Pledge – that has been implemented by the bank at all its branches since the beginning of July. Standard Chartered Bank is the first bank in Vietnam to launch such a service pledge. It will donate VND20,000 to charity... 

Asia Commercial Bank (ACB) has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines (ATMs), becoming the first institution in the nation to make this kind of transfer possible. This is the outcome of a cooperation deal between ACB and Smartlink Card Services Joint Stock Company that runs the Smartlink card network with 27 bank members. This... 

Hong Leong Bank Vietnam on Friday announced to have joined the card alliance Smartlink, allowing its clients to access to services at over 5,500 automated teller machines within the Smartlink system nationwide. Yap Chee Woy, general director of the bank, and Nguyen Tu Anh, chief executive officer of Smartlink, signed the agreement to this effect on Friday at the Priority Banking Center of the bank’s... 

Malaysia’s Hong Leong Bank has joined Smartlink, a network of more than 5,500 ATMs run by several domestic and foreign banks. It also becomes the first foreign bank to offer several ATM services, including cash withdrawal and transfer of funds, free of charge. Hong Leong Bank Vietnamcommenced operations in October 2009 with a branch in HCM City. It opened a branch in Ha Noi earlier this year.... 

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... 

Total card transactions made tremendous growth in Vietnam in 2010 against five years ago when the first one was conducted. A recent report from research firm Euromonitor International on Vietnam Financial Cards and Payments in 2010 read that total card transactions value in the country was reportedly around VND435.3 trillion ($21 billion) by the end of 2010, a year-on-year increase of 32 per cent against... 

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,...