Launching the first co-branded card between NAPAS, Mastercard and banks in Vietnam

This is considered an important step in the strategic cooperation process between the two sides to bring breakthroughs in the "one-touch-global connection" payment experience for consumers.

Sharing about the card launch event, NAPAS Deputy General Director Nguyen Hoang Long said: In more than 20 years of operation, NAPAS has always accompanied and been present with the development milestones of the Vietnamese payment market. In addition to existing card lines such as domestic debit and credit cards, the launch of the NAPAS-Mastercard co-branded card will contribute to expanding the payment capabilities of domestic cards in international markets, bringing a seamless payment experience, without geographical limitations for NAPAS cardholders.

“We expect this product to better meet the shopping, travel , study,... needs of all people, especially customers who love new technology with high safety and security features, and have flexible travel and payment needs domestically and internationally,” Mr. Nguyen Hoang Long shared.

Meanwhile, Ms. Winnie Wong, Country Director of Mastercard in Vietnam, Laos and Cambodia, said that, in the face of the strong development wave of commerce and technology in Vietnam, Mastercard is committed to constantly innovating to meet the increasingly diverse needs of consumers.

“The partnership with NAPAS and leading financial institutions demonstrates our long-term commitment to promoting financial inclusion and innovation. The launch of the Co-Branded Card not only opens up a safe and flexible payment solution but also meets practical needs, contributing to promoting sustainable economic growth in the digital age,” Ms. Winnie Wong affirmed.

The NAPAS-Mastercard co-branded card is deployed based on an innovative solution, allowing the integration of NAPAS card features and Mastercard international cards into the same physical card. This will help provide consumers with a seamless payment method not only domestically but also internationally, meeting the shopping, travel, study, etc. needs of all people, especially in the development and international integration trend of Vietnam.

NAPAS-Mastercard co-branded card launching ceremony.

With just one NAPAS-Mastercard co-branded card, cardholders can easily pay at more than 650,000 payment acceptance points and withdraw money at more than 20,000 ATMs in the NAPAS network in Vietnam, while expanding the scope of payment at more than 150 million payment acceptance points and withdraw money at more than 1 million ATMs in the Mastercard network worldwide.

In addition, the Co-branded Card can also be used for online payment on domestic and international e-commerce sites, bringing convenience, speed and a seamless experience to customers.

Notably, the NAPAS-Mastercard Co-branded Card integrates two standards into a physical chip on the card, including the VCCS standard for NAPAS cards and M/Chip for Mastercard cards, while meeting the security standards of the EMV International Organization. The card supports both contact and contactless payment methods. Depending on the needs, when customers register to open a NAPAS-Mastercard Co-branded Card, banks can issue NAPAS debit or credit cards, along with Mastercard debit cards.

For commercial banks, the benefits of implementing Co-branded Cards will help them save costs in issuing multiple card products to customers, bring strong growth potential in transaction sales in domestic and international networks, and increase customer engagement by owning convenient, superior card products with many incentives.

Source: https://nhandan.vn/ra-mat-the-dong-thuong-hieu-dau-tien-giua-napas-mastercard-va-cac-ngan-hang-tai-viet-nam-post879920.html