PayFlex is a breakthrough feature built on the Visa Flex Credential technology platform.
Speaking about the launch of PayFlex, Ms. Tuong Nguyen, Deputy General Director and Director of VIB Card Division, said: "VIB has always pioneered in applying technology to bring superior financial solutions and enhance customer experience. VIB PayFlex is a clear demonstration of that commitment. We believe that this feature will change the way customers manage their daily spending, providing maximum flexibility and financial control with just one card."
Smart financial control, optimal benefits
VIB PayFlex empowers users with smart financial control. Cardholders can flexibly set payment sources for each type of transaction, such as e-commerce transactions, international spending, contactless transactions, by transaction value or for subsequent transactions. This helps users optimize their finances by allocating spending according to personal goals.
Seamlessly integrated into the MyVIB digital banking application, PayFlex helps users easily convert funds with just a few simple steps. This blurs the lines between card types, turning them into smart and unified spending tools. Cardholders do not need to remember to use a payment card or credit card, just use the card installed via PayFlex to meet all needs.
This is a step forward compared to traditional "2 in 1" cards, which usually only allow the choice of funding sources via physical chips or pre-set default settings. The ability to control funding sources in real time via the MyVIB application brings top financial flexibility. Accordingly, cardholders can optimize cash flow and spending strategies, for example, they can choose to use a debit account for daily expenses to easily manage their budget, use a credit account for larger transactions to take advantage of incentives and interest-free periods, or register for installment payments.
Advanced security, limited risk
PayFlex is seamlessly integrated on MyVIB digital banking application.
Transactions with VIB PayFlex are optimally secured by the most advanced technology of VIB and Visa, bringing peace of mind to customers. No longer have to worry about remembering a lot of card information or fear of data disclosure when transacting on online platforms, with PayFlex, cardholders only need to declare one card and easily adjust the source of funds right on the MyVIB application. Using PayFlex also helps optimize payment benefits, limit the risk of choosing the wrong card, especially at points of sale (POS), ensuring that cardholders receive the right benefits and incentives desired.
Currently, VIB applies credit card gifts for VIB Visa payment cardholders (based on the payment card's spending history), bringing outstanding convenience. Users can set up transaction funds on existing physical cards such as credit cards or payment cards via MyVIB anytime, anywhere without having to wait for the physical credit card to be issued, without having to replace card information on application platforms, websites that have saved information and without having to remember an additional card information when making spending transactions.
Pioneering market vision
VIB affirms its leading position in card trends in the market.
Ms. Dang Tuyet Dung, Director of Visa Vietnam and Laos, commented: "VFC is a breakthrough technology of Visa. VIB's rapid deployment of PayFlex service on the VFC technology platform demonstrates the bank's vision and commitment to bringing the most advanced payment innovations to Vietnamese users. We believe that this cooperation will strongly promote the trend of cashless payments and significantly enhance the financial experience for customers."
VIB is positioning itself as an innovator and market pioneer by bringing superior and world- proven payment solutions to domestic customers, thereby firmly consolidating its position as a "card trend leader" in the market.
From now on, VIB will widely deploy PayFlex to all customers with gifts worth up to 200,000 VND for the first users. Customers can register for a VIB Visa payment card or credit card to enjoy outstanding incentives.
Source: https://dantri.com.vn/kinh-doanh/vib-gioi-thieu-payflex-tien-phong-trien-khai-cong-nghe-visa-flex-credential-tai-viet-nam-20250617185328814.htm
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