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DongA Bank gives credit card arm independence   2008-10-28 - Vietnamnews

DongA Bank’s credit-card related arm became an independent entity last Saturday, wirh some individuals holding stakes in the joint-stock firm.

Viet Nam Brilliant Card Joint Stock Company (VNBC) will provide bank interconnection solutions, card technologies, and e-banking equipment, solutions and consultancy.

It will also manufacture automated teller machines.

Its H38N ATM accepts foreign currencies like the US, Canadian, and Australian dolalrs, euro, and pounds and enables direct prepaid card purchase in both dong and foreign currencies. The H38N is the first in Viet Nam to recognise VND200,000 and 500,000 notes.

The company serves 2.5 million holders of various cards through a network of 1,200 ATMs and 1,500 merchants.

Also last Saturday Dai A Bank of Viet Nam and PIBank of Cambodia joined the VNBC network to take the total number of institutions to 10. They include Australia’s Commonwealth Bank and Singapore’s United Overseas Bank.

Other Banking News

Banks put high hopes on last months of year   2008-10-28

Vietnam banks a destination for hi-tech crime, officials warn   2008-10-25

Lending rates drop, enterprises want more   2008-10-24

It’s the right time to loosen monetary policies: expert   2008-10-22

Prime rate cut to help enterprises   2008-10-22

Bank interest rates continue sliding   2008-10-21

Central bank cuts key rate to damp impact of global crisis   2008-10-21

Banking system needs restructuring   2008-10-16

VND deposits preferred to US$   2008-10-15

Businesses continue crying over capital   2008-10-13

Central bank tells banks to boost lending   2008-10-12

Paradox: short-term deposit interest rates higher than long-term   2008-10-10

New banks to face stiff regulations   2008-10-08

Banks say ‘no’ to polluting businesses   2008-10-07