Citibank Vietnam last week marked its entry in the local debit card market with the launch of Visa debit cards in HCMC. Unlike credit cards that allow holders to spend money in advance and pay off the credit later, Citibank Visa debit cardholders can withdraw cash and make payment based on the actual balance in their bank accounts only. The bank’s debit cards are expected to help local card users... 

Eight leading international and local banks have been recognised by Visa at the Vietnam Bank Awards 2012 for their role in promoting electronic payments in Vietnam. The Visa Vietnam Bank Awards is an annual event to celebrate the achievements of client banks in partnering Visa to grow electronic payments locally. This year, the banks – HSBC, Asia Commercial Bank (ACB), Vietcombank, VietinBank, Eximbank,... 

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... 

University students will be the first in Vietnam to gain sound personal financial knowledge through Practical Money Skills, a new financial literacy campaign launched by Visa. The first part of the ongoing financial literacy and education campaign was launched in partnership with the Central Committee of Vietnam Student Association (CCVSA). It comprises a new website, a series of university road shows... 

An Binh Bank (ABBank) has officially joined Visa’s global network and started to issue credit cards under the Visa name to customers, said Tran Thanh Hoa, ABBank’s general director. Credit card holders will enjoy the maximum balance of VND100 million. If a Visa card user makes a transaction and repays it in full within 45 days, there will be no interest charged. ABBank also provides card holders... 

Lorijon Bacchi, director of Indochina region of payment card network Visa, said the Vietnam market has had the strongest growth of all Visa markets. Vietnam is new in the online payment market but she said on Thursday that it has vast potential due to huge growth in terms of international payment card numbers, total number of transactions and total revenue of transactions by cards. By late last year,... 

Sony Corp blamed the well-known Internet vigilante group Anonymous for indirectly allowing a hacker to gain access to personal data of more than 100 million video game users. “Sony now faces a large-scale cyber-attack involving the theft of personal information,” Kazuo Hirai, chairman of the board of directors of Sony Computer Entertainment America LLC, said in a letter to members of... 

Despite the central bank restricting dollar transaction in the economy, local people still hesitate to use international credit card to use overseas due to high usage fees. Commercial banks have encouraged customers who have to travel abroad to opt for international credit card to meet their demand for US dollar. Lenders including Asia Commercial Bank (ACB), Eximbank, DongA Bank and Vietnam International... 

People are complaining that they have not been able to purchase foreign currencies over the last week because the free market unexpectedly shut down and banks refuse to sell dollars. Since early last week, foreign exchange shops have unexpectedly closed the doors and stopped foreign exchange transactions. Though the exchange shops have refused to explain why they have stopped transactions, people... 

Visa today announced the launch of its 2011 Premium Access programme for Visa platinum cardholders in Vietnam, offering affluent lifestyle privileges to those who enjoy the finer things in life. The collection of privileges includes the ability to see amazing sights, listen to wonderful sounds and taste unforgettable food via customised travel itineraries to some of the world’s most sought-after...