10:53 | 08/04/2016 Finance - Banking
Viet Capital began to issue Visa credit cards in HCM City on April 5.
Viet Capital Bank launch Visa classic and platinum credit cards in HCM City on April 5 — VNS Photo Courtesy of the organiser
Viet Capital Visa classic and platinum cards use EMV chip technology to prevent fraud.
The platinum card is the first 3D credit card in Viet Nam, which would help prevent fraud and enhance security, Ho Minh Tam, Viet Capital Bank's deputy general director, said.
To enable more and more consumers to access the modern financial product and contribute to the development of non-cash payment system in Viet Nam, the bank would not collect card issuance and annual fees, and offer a majority of its services for free, he added.
Sean Preston, Visa's country manager for Viet Nam, Cambodia, and Laos, said Visa cards are accepted by more than 30 million merchants worldwide, including more than 2 million ATMs./.