Shinhan Finance teams up with Mastercard to launch flagship credit card

The Board of Directors of Shinhan Financial Group companies in Vietnam and Winnie Wong, country manager of Vietnam, Cambodia and Laos for Mastercard congratulated Shinhan Finance on the launch of The First credit card- Photo: TL

Accordingly, Shinhan Finance will become a member of Mastercard (a global payments company with an advanced and prestigious card service system that is trusted worldwide), allowing customers to pay for all transactions both domestically and internationally.

Shinhan Finance’s THE FIRST credit card possesses outstanding features including easy sign-up via iShinhan in five minutes, a 1 percent fee, the lowest fee for cash withdrawals at ATMs, 0.5 per cent unlimited reward points on every spending transaction, a free installment interest rate, and discounts of up to 50 per cent at Shinhan Zone stores, among others.

For customers who need to use cash, it will be easier thanks to the support of cash withdrawals of up to 100 per cent of the credit card’s limit.

Speaking at the launch event, president and CEO of Shinhan Card Lim Young Jin said, “As a leading multi-field finance company in South Korea, Shinhan Card is providing comprehensive financial solutions for Vietnamese customers by partnering with Shinhan Bank, Shinhan Securities, and Shinhan Life to offer the most convenient and integrated products.”

“The launch of THE FIRST will enable Vietnamese customers to experience a whole new world of more friendly, secured, and creative finance. This move will lead to a new leap for Shinhan Finance in Vietnam.”

Lim Young Jin, president and CEO of Shinhan Card, speaking at the launching event for THE FIRST credit card- Photo: TL

To mark the occasion, Shinhan Finance’s general director Oh TaeJoon shared, “Following the Vietnamese government’s orientation on cashless payments that contribute to realizing the country’s digital transformation strategy, Shinhan Finance cooperated with Mastercard to launch THE FIRST credit card as a useful financial solution to provide customers with a better service experience. We look forward to continuing to bring more outstanding products and services to the market so that Vietnamese people can enjoy the best quality of life.”

Sharing about this partnership agreement programme with Shinhan Finance, Winnie Wong, Mastercard’s country manager for Vietnam, Laos, and Cambodia noted, “It is truly a remarkable milestone for both Mastercard and Shinhan Finance to celebrate our partnership for the first time in the Vietnamese market. By launching this product, we will push the digital payment transformation process and enhance accessibility to banking and non-cash payment services for all customers.”

Mastercard values its cooperation with Shinhan Finance as it is bringing innovative payment solutions and technologies to all customers.

In the coming time, Mastercard will be working closely with Shinhan Finance to create many digital enablement projects to boost market differentiation.

“Mastercard strongly believes in this partnership, and together, we transform new ideas into modern digital payment solutions to enhance the customer experience in different segments,” Winnie emphasized.

Following the launching event of THE FIRST, Shinhan Finance customers will receive many attractive incentives from the programmes “More purchase – More point reward” and “Annual fee promotion refund”. For more information about these promotion programmes, please click here.

With a mission to build a better world through financial strength, Shinhan Finance will continue its long-term plan to not only develop outstanding financial solutions and diversify its product portfolio based on understanding customers but will also expand its customer service network with strategic partners in the Vietnamese market.

Flagship product showcase and industrial knowledge base for the engineering and manufacturing community Taking place between July 6 and July 9 at the Saigon Exhibition and Convention Centre, MTA Vietnam 2022 - the 18th International Precision Engineering, Machine Tools, and Metalworking Exhibition and Conference - is anticipated to deliver many unexpected developments.

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Sharing the same goal of creating new experiences and new value ​​for customers, Shinhan Finance and Mastercard promise to bring many optimal development solutions to the consumer finance market and contribute to improving Vietnamese life with a financially secure future.

Shinhan Finance is a member of Shinhan Card (South Korea) – a wholly foreign-owned consumer finance company. With Shinhan Card’s outstanding financial products and technology, Shinhan Finance commits to being the most customer-oriented finance company in Vietnam.

On August 11, Shinhan Finance was honoured in the category of Best Place to Work in Asia at the HR Asia Award 2022 ceremony, marking the milestone for the third consecutive year with strong development that attests to Shinhan Finance’s commitment that people are the core factor creating the success and strength of Shinhan Finance.