World

Shinhan Bank, BC Card to upgrade Vietnam's card payment system

The Shinhan Bank of the Republic of Korea announced on June 30 that its subsidiary in Vietnam has signed a memorandum of understanding (MoU) with BC Card – a subsidiary of KT Group - to enhance the credit card payment system in Vietnam.
Shinhan Bank, BC Card to upgrade Vietnam's card payment system ảnh 1

Shinhan Bank Vietnam Limited on June 29 signs a memorandum of understanding (MoU) with BC Card Company to establish a strategic collaboration in the development of acquiring business in Vietnam.(Photo: Courtesy of the bank)

Seoul (VNA) – The Shinhan Bank of the Republic of Korea announced on June 30 that its subsidiary in Vietnam has signed a memorandum of understanding (MoU) with BC Card – a subsidiary of KT Group - to enhance thecredit card payment system in Vietnam.

The bank expects that such efforts could stimulate the Vietnamese credit cardpayment market, thus supporting the Vietnam government's goal of creating acashless society by 2025.

Under the agreement, BC Card's subsidiaries in Vietnam and Indonesia, alongwith Shinhan Bank Vietnam, will collaborate to establish a card-acquiringsystem in Vietnam. They will also work together to expand networks between cardaffiliates and develop card devices and card payment terminals (POS) inVietnam.

The agreement is the first collaboration between Shinhan Bank and KT since thetelecom service provider acquired a 2.1% stake in the bank in 2022.

Both firms hope to create win-win synergies domestically and internationally inthe future.

As of May, Shinhan Bank Vietnam's card business has seen its annual credit cardusage amount increase by 28% year-on-year to reach 585 million USD, with a membership of 290,000 people.It also has launched a variety of services this year, including a newpartnership card with Vietnamese online shopping mall Tiki, and a corporatecard in collaboration with Bizzi, an invoice solution company./.

VNA
#Vietnam Plus #Vietnam News Agency #Shinhan Bank #credit card payment #Tiki #Bizzi
Follow VietnamPlus

Related News

Symposium seeks to foster Vietnam-RoK cooperation in digital banking

Symposium seeks to foster Vietnam-RoK cooperation in digital banking

The Republic of Korea’s digital transformation policy and implications for Vietnam, Vietnam’s digital banking transformation policy, the importance of credit information system in digital transformation, the leap towards digitisation and the recent trend of digital banking and payments in Asia were discussed at a recent symposium in Hanoi.
Billions of US dollars from RoK expected to head to Vietnam

Billions of US dollars from RoK expected to head to Vietnam

Investment from the Republic of Korea (RoK) in Vietnam is expected to accelerate in the near future, including many large-scale projects worth up to billions of US dollars as a series of memorandums of understanding (MoUs) on cooperation between the two countries' ministries, sectors, and businesses was signed at the Vietnam - RoK Business Forum.

See more

Officials at the closing sitting of the 10th Lao NA's first extraordinary session on July 10, 2026 (Photo: VNA)

Laos adopts coordinated steps to propel economic growth

Lao Prime Minister Sonexay Siphandone, addressing the first extraordinary session of the 10th Lao National Assembly from July 6-10, said the push is designed to hit the economic growth targets and macroeconomic benchmarks approved by the legislature.

Indonesia launches campaign to protect endangered rainforest elephants

Indonesia launches campaign to protect endangered rainforest elephants

Conservation groups classify the Sumatran elephant as critically endangered on the International Union for Conservation of Nature (IUCN) Red List, while Bornean elephant populations have declined sharply because of deforestation, habitat fragmentation and increasing human-wildlife conflict.

The scence of the fire. (Photo: Xinhua/VNA)

Massive pub fire in Thailand kills at least 27 people

Video footage shared online by emergency responders shows a huge blaze raging and plumes coming out of the front door of the Na Ladprao pub in the northern part of the Thai capital. Many people were seen trying to flee as dense black smoke billowed into the sky. Rescue said the fire was reported around midnight.

New species of long-necked dinosaur discovered in Thailand

New species of long-necked dinosaur discovered in Thailand

According to the latest announcement from the Phu Wiang Dinosaur Museum under Thailand's Department of Mineral Resources, the fossil of the newly identified dinosaur species was discovered at the Phu Noi fossil site in Kalasin province, embedded in rock layers of the Phu Kradung Formation dating to the Late Jurassic period, approximately 150 million years ago.

Indonesia promotes aviation ecosystem development

Indonesia promotes aviation ecosystem development

INACA Chairman Denon Prawiraatmadja said the third IAS serves as a collaborative platform for the government, industry players, and all stakeholders to sustainably strengthen the national aviation ecosystem.

AI-powered robots displayed at an event in Malaysia (Photo: VNA)

Malaysia unveils strategy to counter future cyber threats

Malaysia must shift from conventional security methods to a more comprehensive strategy to address rapidly evolving threats, including emerging technologies such as artificial intelligence (AI), post-quantum cryptography and drones.

Containers are handled at a port in Penang state, Malaysia. (Photo: VNA)

Malaysia central bank upbeat on 2026 economic growth

Domestic demand continues to be underpinned by a stable labour market, strong export performance and sustained investment activity. Rising exports are expected to support employment and private consumption, while growing demand linked to artificial intelligence and the electrical and electronics sector is expected to provide an additional boost.

Thai court jails bank employees over mule account scam network

Thai court jails bank employees over mule account scam network

The court in Pattaya province found that four employees of a commercial bank in Pattaya, including a branch manager, had facilitated the opening of bank accounts for Chinese nationals entering Thailand on tourist visas. The accounts were later used as mule accounts to receive funds fraudulently obtained by call-centre scam gangs.

Illustrative Image (Photo: VNA)

Philippines posts record rice imports in first half of 2026

According to the BPI, rice imports from January to June rose 20.1%, or about 460,000 tonnes, from 2.29 million tonnes in the same period last year. The first-half total already accounts for around 57% of the government's full-year import target of 4.8 million tonnes.

A booth of Palestine at the D-8 Halal Expo Indonesia (HEI) 2026 in Jakarta. (Photo: VNA)

Indonesia eyes central role in global halal economy

Indonesian Deputy Minister of Foreign Affairs Anis Matta said promoting the D-8 Halal Economic Initiative is a concrete step towards strengthening Indonesia's economic integration with the Islamic world amid a volatile global economy. He added that the halal economy will become a new driver of Indonesia's economic growth and export expansion.

Thailand busts fake birth certificate ring for foreign children

Thailand busts fake birth certificate ring for foreign children

According to the Royal Thai Police, the network recruited Thai men to pose as the fathers of foreign-born children in order to complete birth registration procedures and fraudulently secure Thai citizenship. Preliminary investigations found that 164 children had been registered through the scheme over the past five years.

The Petronas Twin Towers, a tourist magnet of Malaysia, as seen from the Kuala Lumpur Convention Centre (Photo: VNA)

Malaysia sees rise in international tourist arrivals

The growth was driven by strong demand from key source markets, including ASEAN member states, China, Japan, Australia, China's Taiwan and Hong Kong, as well as Central Asian countries such as Uzbekistan, Kazakhstan and Turkmenistan.

Indonesia develops breakthrough nickel ore processing technology

Indonesia develops breakthrough nickel ore processing technology

Unlike conventional refining methods that typically process only one type of nickel ore, the new process developed by Indonesia’s National Research and Innovation Agency (BRIN) can handle both saprolite and limonite ores within a single refining sequence.