The first Vietnamese bank allowing customers to use domestic cards for transactions in Korea

In addition to international debit cards or credit cards, TPBank has allowed all domestic cardholders to make instant payment and withdrawal transactions in the Korean market.

Tien Phong Commercial Joint Stock Bank (TPBank) has successfully implemented the project of 3-party connection between TPBank, Vietnam National Payment Joint Stock Company (NAPAS) and BC Card Company – the leading card issuer in Korea. Kingdom with more than ¼ market share. With this project, all domestic ATM cardholders of TPBank can immediately perform payment and withdrawal transactions at 3 million points accepting card payments and nearly 40,000 ATMs of BC Card banks in Korea. National.

This is the first time a bank in Vietnam has provided inter-international payment services for ATM cards in the Korean market. With this service, TPBank has helped customers completely eliminate the worry of having to buy foreign currency or not in time to open an international credit / debit card for traveling, business trips or transferring money to their children to study. in Korea. What’s more, compared to carrying large amounts of foreign currency while traveling or working in Korea, keeping a common local card in your wallet, for direct payments via POS machines or withdrawing a medium amount of spending enough at an ATM when needed, it will be much safer.

In recent years, Korea has been one of the favorite destinations for Vietnamese tourism, employment and study abroad. The Korea Tourism Board said that in 2019 there were more than half a million Vietnamese traveling in Korea, an increase of approximately 22%; The number of Vietnamese students studying in Korea has reached 37,426 people, an increase of more than 10,000 people compared to 2018.

In 2020, tourism activities from Vietnam to Korea will be interrupted due to the influence of Covid-19, but surely when the epidemic is well controlled, the number of Vietnamese tourists traveling to Korea will increase strongly again. . Korea is also having many more preferential policies to support Vietnamese students.

Mr. Nguyen Hung, General Director of TPBank, said: “Through this project, TPBank wants to bring the best services and experiences to Vietnamese customers who have been, are, will live, work, and study. train and travel in Korea, and contribute to promoting the Vietnam – Korea strategic cooperation partnership. “

In the near future, Mr. Hung revealed that, with the dynamism, enthusiasm and the forefront in applying new technology, TPBank is expected to expand this feature together with State Agencies in other countries such as Thailand. , China, Japan … to bring customers the best experience when using their bank’s services.

According to statistics from the Payment Department – State Bank of Vietnam, by the end of the second quarter of 2020, the total number of cards in circulation in Vietnam reached more than 106 million, of which the number of domestic cards accounted for more than 90 million cards, nearly 6 times the number of credit cards. At TPBank, the growth rate of cards is always very high compared to the market, the growth rate of domestic cards of TPBank is nearly 50% per year.

To bring the best convenience and security to customers, TPBank is also the first bank to issue VCCS domestic chip cards as well as accept domestic chip cards in Vietnam. In addition, TPBank is also the first bank to apply ePIN electronic PIN for ATM cards. These are optimal solutions to help limit risks and damage from card data theft at ATMs.

In addition to the safety and security factors for customers, TPBank also waives many types of fees when using ATM cards such as fees for withdrawals at any bank ATMs, fees for internal and external transfers … 400 ATMs and LiveBank nationwide, customers also easily make transactions with the bank.

Source: https://baodautu.vn/ngan-hang-viet-dau-tien-cho-phep-khach-hang-dung-the-noi-dia-giao-dich-tai-han-quoc-d130707.html