BAC A BANK makes debut of Chip Contactless cards

BAC A BANK makes debut of Chip Contactless cards

BAC A BANK has launched its own contactless debit cards to optimise safety and security, and boost the speed of transaction processing.
FE Credit receives Best in Card Acquisition Award from Mastercard

FE Credit receives Best in Card Acquisition Award from Mastercard

Mastercard recently recognised FE Credit, Vietnam’s largest consumer finance company in terms of market share, as the Best in Card Acquisition in the country.  
Banks raise fees over 55 million trash ATM cards

Banks raise fees over 55 million trash ATM cards

Many banks have decided to increase banking service fees in early May, allegedly because of the abundance of ATM cards which boost expenses.
Banks disagree on service fees, card holders suffer

Banks disagree on service fees, card holders suffer

While small banks want to keep the inter-network cash withdrawal fee unchanged, big banks have been insisting on sharp increases.
SBV paves way for more use of plastic money

SBV paves way for more use of plastic money

The State Bank of Vietnam (SBV) will complete all related legal frameworks for the use of plastic money-credit and debit cards, as well as other forms of electronic payment in 2012.
Bank card payments gain popularity

Bank card payments gain popularity

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.
Local cardholders still use cards for cash withdrawal

Local cardholders still use cards for cash withdrawal

Though the Vietnamese payment card industry has posted impressive growth over the last 20 years, most local cardholders still use the cards for cash withdrawal, rather than conducting their payments with them.
Police bust fake ATM card ring

Police bust fake ATM card ring

A police patrol in District 11 has arrested, a 39-year-old man, who was using fake ATM cards to withdraw money from a booth belonging to the Asia Commercial Bank (ACB) on Binh Thoi Street.
Competition for international credit cards heats up

Competition for international credit cards heats up

Several banks are competing to issue more international credit cards after a new government decision lowered the volume of foreign currency permitted to be taken out of the country without declaration.
Plastic set to go the distance

Plastic set to go the distance

Vietnam’s bank card market will become vibrant in 2011 with some foreign banks getting involved in the issuance of local ATM cards, with consumers to benefit the most from the drive, said Smartlink Card Services Joint Stock Company deputy general director Nguyen Dang Hung.
Vietnam’s payment card market most dynamic

Vietnam’s payment card market most dynamic

The Research and Markets website forecasts that the payment card market in Vietnam will grow at about 18.5 per cent during the 2011- 2014 period.
Plastic reigns supreme in Vietnam

Plastic reigns supreme in Vietnam

Total card transactions made tremendous growth in Vietnam in 2010 against five years ago when the first one was conducted.