MasterCard has just named the Vietnam International Bank (VIB) as one of its leading bank partner in e-commerce transactions and value of credit card spending in Vietnam.
“We highly appreciated the outstanding indicators in the issuance and spending of credit cards that VIB has achieved recently. VIB became one of the banks having the highest total value of credit card spending in 2018 with the growth rate reached over 300 per cent compared to 2017, doubling the market’s average rate. We were also impressed that VIB had led e-commerce transactions in 2018 with a growth rate of over 200 per cent in comparison with 2017.” said Winnie Wong, MasterCard’s Country Manager for Vietnam.
This is the outcome of VIB’s transformation efforts in satisfying customers’ demands, providing unique credit cards with preeminent utilities and attractive incentives. VIB’s amount of e-commerce spending in 2018 also affirms its modern technology platform, helping customers make transactions safely, conveniently and quickly.
VIB representative (mid) Mastercard Country Manager for Vietnam (right)
Unique credit cards with preeminent utilities
VIB has launched 6 new credit cards since December 2018 and has been well received by the market. For example, Happy Drive – the only credit card in the market offering up to 500 litres of gasoline per year and cashback 30 percent on car maintenance fee; VIB Financial Free – the 1st credit card with free annual fee and withdrawal up to 100% card limit. Or other credit cards with outstanding benefits such as VIB Cash Back, VIB Rewards Unlimited, VIB Travel Elite with the best refund, reward points, miles and currency exchange transaction fee. VIB has recently launched Zero Interest Rate credit card, becoming the first and the only credit card waiving interest rate for all card expenses during five years.
Attractive and continuous promotions
In addition, VIB’s cardholders will be offered 0 per cent of installment at hundreds of VIB’s partners all over the country, discounted up to 50 percent for food, travel, hotel, health care expenses. Especially, VIB has exclusive privileges for the cardholders such as: 15 per cent discount on Wednesday at Agoda.com; VND300,000 discount on Sunday at Shopee.vn; 10 percent cash back for all transactions at Booking.com; 0 percent installment at British Council, Dale Carnegie Việt Nam; 0 per cent installment when buying Prudential or Liberty Insurance.
Modern and safe technology platform
VIB’s credit cards are applied technologies to quickly satisfy the demands of using credit cards, reduce paper and protect the environment. VIB is also the first bank to launch Virtual Card feature, enabling customers to make online transactions immediately after issuing credit cards on the system without receiving physical ones; and Green PIN feature, allowing customers to receive and change PIN immediately via MyVIB mobile banking application without receiving PIN on paper. In the early of May, VIB has implemented contactless payment feature for its credit cards, helping customers to complete transactions with a slight tap to payment terminals instead of swiping the cards over magnetic stripe or chip reader.
With an income from VND7 million per month, customers can immediately own VIB credit cards by accessing to www.vib.com.vn or VIB fanpage, calling hotline 18008192 or going to any VIB’s branches all over the country. If using MyVIB, customers click “Apply for VIB products”, choose “Credit card”. Then VIB’s staffs will contact within 5 minutes to consult before the credit cards will be issued and delivered to customers.