From 2026, biometric authentication is required when opening a bank card

Illustration photo.

The new Circular consists of 16 Articles, in which many important contents related to card issuance and use are revised and supplemented.

Accordingly, for cards issued to corporate customers, the Circular amends and supplements the direction that corporate customers must authorize in writing an individual to use the card of that organization; The individual authorized by the organization to use the card is called the secondary cardholder.

In addition, the Circular also amends and supplements the direction that card acceptance devices can be installed at branches, transaction offices, and payment agent points of card payment organizations to provide cash to cardholders.

Regarding the order and procedures for card issuance, Circular 45 adds a requirement for card issuers to meet in person and compare the biometric information of the cardholder for individual customers and the legal representative for corporate customers, adding some exceptions for corporate customers; and adding the need to check and ensure that the information on the cardholder's phone number (for individual customers) and the legal representative (for corporate customers) is the owner in the case of customers registering for transactions on the application software providing online services in the banking industry.

According to Circular 45, the card can only be used for electronic transactions after completing the verification of identity documents and biometric authentication of the cardholder or legal representative.

The comparison is performed based on biometric data stored in the encrypted information storage unit on the Citizen Identification Card (CCCD) with chip or data authenticated through the electronic identification account created by the electronic identification and authentication system. Or biometric data has been collected and checked (ensuring the match between the person's biometric data and the biometric data in the encrypted information storage unit of the CCCD card, or the ID card has been authenticated as being issued by the police agency, or with the person's biometric data through the authentication of the electronic identification account created by the electronic identification and authentication system. Or biometric data collected through a face-to-face meeting (applicable to foreigners without electronic identities, people of Vietnamese origin whose nationality has not been determined). Or biometric data stored in the National Population Database (in case of using a CCCD card without an encrypted information storage unit).

For credit cards, the new Circular stipulates that the total cash withdrawal limit according to the credit card BIN (card issuing organization code) for each cardholder does not exceed 100 million VND in one month.

In addition, for individual customers who are foreigners, Circular 45 has been amended and supplemented in the direction of not requiring individual customers who are foreigners to "have a residence period in Vietnam of 12 months (360 days) or more from the time of requesting card issuance"; but instead stipulates that the card validity period does not exceed the remaining permitted residence period in Vietnam.

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