Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) today officially introduced to Visa cardholders Apple Pay, a safer, more secure and private payment method that helps customers avoid handing their payment cards to others, touching physical payment buttons or exchanging cash — and using their iPhone to protect every transaction.
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| Apple Watch requires iPhone 6 or later, using iOS 12.5.2 or later. Available with Apple Watch Series 4 or later, using watchOS 9 or later. Apple Watch must be paired with iPhone 8 or later. For more information, visit https://www.apple.com/us/ios/feature-availability/#apple-wallet-apple-pay. |
To use, customers simply double-tap and hold their iPhone or Apple Watch near the payment terminal to make a contactless payment.1 Every Apple Pay transaction is secure because it is authenticated with Face ID, Touch ID, or your device’s passcode, along with a dynamic one-time security code. Apple Pay is accepted at convenience stores, pharmacies, taxi companies, restaurants, cafes, retail stores, and more.
“As the banking industry moves towards digitalization and continuous innovation, we are delighted to introduce Apple Pay to millions of Vietcombank customers today and provide them with an easy, safe and secure way to pay using their Apple devices in stores, in apps and online,” said Ms. Nguyen Thi Kim Oanh, Deputy General Director of Vietcombank.
Customers can also use Apple Pay on iPhone, iPad, and Mac to make quick and convenient in-app purchases, or make web purchases through Safari without creating an account or entering shipping and payment information multiple times. Apple Pay makes it easy to pay for food and grocery delivery, online shopping, transportation, travel, and more. Apple Pay can also be used to make payments within apps on Apple Watch.
Security and privacy are top priorities for Apple Pay. When a customer uses a credit or debit card on Apple Pay, the actual card number is not stored on the device or on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, a standard chip designed to securely store payment information on electronic devices.
Setting up Apple Pay is simple. On your iPhone, simply open the Wallet app, tap the plus sign (+), and follow the instructions to add a Vietcombank credit or debit card. Customers can add a Vietcombank credit or debit card to Apple Pay from the VCB Digibank app.
In addition, customers can also register for a debit card online via the VCB Digibank app, the card will be issued immediately and added to Apple Pay.
After adding the card to iPhone, Apple Watch, iPad and Mac, customers can start using Apple Pay on that device immediately. Customers will continue to receive all the rewards and benefits that Vietcombank's card offers. This includes benefits such as accumulating VCB reward points, unlimited cashback, spending now and paying later with an interest-free period of up to 55 days, as well as enjoying promotions at hotels, restaurants, shopping stores, airline tickets, etc.
For more information about Apple Pay, please visit: http://www.apple.com/vn/apple- pay/
With 60 years of history of establishment and growth, Vietcombank has affirmed its position as a pioneering bank, constantly innovating in all aspects of its operations. Vietcombank has been awarded many major awards for card activities by prestigious domestic and international organizations such as: "Bank with the most effective card acceptance network" (voted by IDG & VNBA); "Bank providing the best credit card products in Vietnam" (awarded by The Asian Banker Magazine); "Leading bank in card payment and card usage", "Breakthrough bank in card acceptance service development", "Bank with the most outstanding achievements in card activities and many contributions to the development of the Vietnamese card market" (awarded by the Vietnam Bank Card Association). Most recently, at the end of October 2022, Vietcombank received 9 important awards at the same time within the framework of Visa Awards 2022 for outstanding card operations. Within the framework of the 2023 Retail Banking Forum, Vietcombank was also honored to receive the 3 most important awards, including: Outstanding Retail Bank, Outstanding Digital Transformation Bank, and Bank Accompanying Small and Medium Enterprises. |
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