There is still ample room for domestic credit card (DCC) growth since the number of DCC holders is relatively low in Vietnam, according to experts at a recent seminar on DCCs.
BC Card, a Republic of Korea-based credit card issuer, has acquired 100 percent stake of Vietnamese point of sale (POS) terminal provider Wirecard Vietnam in a bid to expand its foothold in Southeast Asia.
Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers' financial behaviour in the digital age and social distancing amid the COVID-19 pandemic
TPBank has become the Vietnamese first bank to allow all domestic cardholders to make payment and withdrawal transactions in the Republic of Korea (RoK) in addition to international debit cards or credit cards.
Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 pandemic.
Citi, the largest pan-regional credit issuer, and Lazada Group, Southeast Asia’s leading e-commerce platform, have announced the launch of a new Lazada Citi credit card in Vietnam.
The 39th ASEAN Chiefs of Police Conference (ASEANAPOL) officially started in Hanoi on September 18 under the theme “Honoured by Partnership, Sustained by Unification.”
The State Bank of Vietnam (SBV) has directed commercial banks to tighten control over credit card payments to prevent the improper use of credit cards.
Credit cards belonging to Malaysia’s former Prime Minister Najib Razak were used to spend over 3.3 million RM (800,000 USD) in a single day at a luxury jeweller in Italy, a court in Kuala Lumpur has heard during his trial.
Police in the southern province of Ba Ria – Vung Tau have arrested 22 Chinese nationals for alleged online gambling and the manufacturing of fake credit cards, police said on December 20.
VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.
Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, said the State Bank of Vietnam (SBV).
The Hanoi People’s Court on January 18 sentenced Koh Yih Siang John, a Malaysian national, 30 months in jail for stealing property in accordance with clause 2, article 138 of the Criminal Code.
Credit cardholders will not be allowed to withdraw cash worth more than 5 million VND for domestic transactions and no more than 30 million VND for foreign currency.
Vietjet and Ho Chi City Development Joint Stock Commercial Bank (HDBank) have launched a promotional programme for new customers and existing Vietjet – HDBank international co-branded credit card holders.
The State Bank of Vietnam (SBV) has instructed concerned agencies and organisations to keep a strict check on the use of credit cards to prevent false transactions.
The signature-based system used for credit and debit card payment in Malaysia will be replaced with personal identification number (PIN) verification in a bid to boost security.
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