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VIB Bank rolls out new MasterCard
The Vietnam International Bank (VIB Bank) has begun issuing a new type of MasterCard that uses the latest chip technology and has a credit limit of up to 150 million VND.
Using modern chip technology, the VIB Chip MasterCard is made to help keep information secure, limit the production of false cards and assist the bank in updating customers’ card information.
VIB Bank is currently the third bank in Vietnam to apply this kind of technology.
VIB Bank customers are able to pay for goods and services using VIB Chip MasterCard at more than 20,000 credit card facilities in Vietnam and at millions of those facilities around the world. They are also able to withdraw cash from ATMs worldwide.
Next month, VIB Bank plans to open 14 more business units supporting credit card transactions, bringing its total business units to 110 nationwide.
The bank has been holding the vice presidency post of the Vietnam Risk Management Council – a body representing Vietnam in cooperating with Visa International in issuing and implementing risk management policies in card issuance and payment activities in Vietnam.
VNA
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