VPBank and MobiFone introduce mobile financial products

November 23, 2017 - 17:00

The Việt Nam Prosperity Bank (VPBank) and Việt Nam Mobile Telecom Services Corporation (MobiFone) announced a strategic co-operation in developing mobile financial products.

VPBank and MobiFone announced a strategic co-operation in developing mobile financial products. — VNS Photo

Viet Nam News

HÀ NỘI — The Việt Nam Prosperity Bank (VPBank) and Việt Nam Mobile Telecom Services Corporation (MobiFone) announced a strategic co-operation in developing mobile financial products.

Together, they also launched the MobiFone-VPBank co-branded card.

Accordingly, MobiFone subscribers will enjoy preferential programmes and financial support from VPBank while purchasing products at the corporation’s retail shops, and be able to easily access the bank’s consumer loans without mortgages.

MobiFone users will not be required to prove their income when using VPBank’s credit services to help them save time.

The co-branded cardholders will be granted a credit limit of up to VNĐ500 million (around US$22,000), with many advantages, such as 50 per cent discount to MobiFone’s mobile phone prepaid card payment through VPBank Online every Friday.

In addition, while purchasing products, the co-branded cardholders can register for payment through installments with a zero interest rate. — VNS

Tags Vietnam lending Vietnam News news Việt Nam Prosperity Bank co-branded card

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