Standard Chartered Bank joins Smartlink network

February 14, 2011 | 16:49
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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, balance enquiry and PIN change at any ATM within the Smartlink network, all of which carry the Smartlink logo.

In addition, with this connectivity, Standard Chartered Bank cardholders can save time using Smartlink’s bill payment service, as they can carry out payment such as mobile phone subscription, e-flight tickets, utilities bill, etc. at Standard Chartered Bank’s ATMs.

Already in 2011, Standard Chartered Bank is offering more benefits to customers: extended working hours on weekdays and weekends, and now this alliance with the Smartlink network. Currently, Smartlink’s system has over 5,000 ATMs and more than 20,000 points of sale nationwide.

Louis Taylor, general director of Standard Chartered Bank (Vietnam)said: “This marks a significant milestone for Standard Chartered Bank in our expansion and development path in Vietnam. 

Standard Chartered Bank commits to deliver more benefits and greater convenience to meet the growing demands of banking customers in Vietnam.  In doing so, we will fulfill our brand promise, to be "Here for good.”

Smartlink Card Services Joint Stock Company was established by Foreign Trade Bank of Vietnam (Vietcombank) and 15 other commercial banks in order to strengthen the collaboration between member banks. Its mission is to reinforce and expand the existing multi-party partnerships between banks, to develop and stimulate non-cash payment services, to facilitate good and service providers in a professional way.

Currently, Smartlink is operating an information processing system with 30 member banks. The system is processing an average of one million transactions a day and about eight million cards have been issued and are accepted at nearly 5000 ATMs and more than 20,100 points of sale in Vietnam.

Under the State Bank of Vietnam's instruction, Smartlink has successfully connected with BanknetVN in 2008 and VNBC in 2009, creating a unified ATM and POS network on a national scale.

By Nguyen Trang

vir.com.vn

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