VPBank's 6 awards were recognized by Mastercard for its outstanding achievements in the card business as well as promoting digitalization to enhance customer experience.
Mastercard and Visa are the two leading electronic payment technology companies in the world. Mastercard and Visa cards are popular with customers, widely used and accepted in most countries around the world. Therefore, Mastercard and Visa awards are a guarantee of prestige, affirming the bank's position as a leader in high-class payment cards, converging outstanding values. VPBank is also one of the few banks that "revenues", bringing home 10 prestigious awards from Mastercard and Visa in 2023. Specifically, Mastercard awarded VPBank 6 awards: leading bank in credit card transaction turnover; leading bank in debit card transaction turnover; leading in card spending turnover abroad; leading in e-commerce transaction turnover; pioneer in implementing Apple Pay payment for Mastercard cards in the market; leading in transaction turnover at payment units.
In 2023, VPBank is proud to receive 4 prestigious awards from Visa
Not only Mastercard, Visa also named VPBank in 4 prestigious award categories: leading bank in impressive growth in card transaction turnover in 2023; leading in growth rate of the number of activated cross-border cards in 2023; leading in payment turnover at card acceptance units in 2023; leading in growth rate of co-branded card turnover in 2023. No. 1 in the market in terms of quantity and turnover of card transactions Continuously holding the leading position for many years, in the first 6 months of 2023, VPBank continued to hold the "throne" in terms of quantity as well as credit card spending turnover. According to statistics from the Card Association, VPBank credit cards achieved impressive growth in transaction turnover in the first half of 2023, reaching 65% compared to the same period last year, higher than the market average of 21%. To consolidate its position, VPBank has always focused on customers, strived to improve, diversify payment solutions, integrate technology, optimize security as well as increase incentives to increase financial benefits for customers. Specifically, VPBank has constantly innovated to launch many card lines to optimally meet users' payment needs. Each card line is carefully researched, impressive and diverse from design to product features to suit each customer segment. For the high-end customer segment, Mastercard World and World Lady cards bring customers international-class experiences, exclusive incentives and outstanding benefits when shopping and dining. For the Millennials segment, VPBank owns many card lines that have resonated in the market: StepUp credit cards with a variety of designs and a 15% cashback feature for online spending; VPBank Shopee co-branded card - a smart choice for customers who love to shop online when providing free shipping codes all year round and a 10% cashback offer at Shopee for customers; Lady Mastercard stands out with a collection of 12 card designs with 3 different themes, while also providing a cashback feature of up to 15% for essential industries: education, insurance, healthcare, beauty care, supermarkets, etc., helping women freely express their personality with every touch of the card. For Gen Z customers, VPBank JCB Z card is built with a 10% cashback offer in industries related to young people's consumer behavior: dining, entertainment, fitness, travel. Leading bank in Tap & Pay payment trend In recent years, contactless payment, especially "one-touch" payment, has become a trend thanks to its convenience, safety, and speed. Grasping that trend, VPBank has made efforts to digitize to bring a modern, safe and convenient payment experience to users. It can be said that VPBank has become the first and only bank in Vietnam to provide a comprehensive and complete set of Tap & Pay payment solutions: VP Pay, Apple Pay, Samsung Pay, Google Pay and Garmin Pay. With VPBank's Tap & Pay payment solution, customers can shorten transaction time and enjoy the convenience of not having to carry cash or physical cards. Just "touch" your phone or smart watch, tablet on the supported device, the transaction will be quickly paid in just a few seconds, eliminating the need for direct contact or entering a PIN code. In particular, Tap & Pay helps to maximize customer information and data security. The card number when paying by Tap & Pay will never be shared with the seller and is encrypted on the customer's device to ensure security. It is known that VPBank is currently implementing many incentive programs for customers paying via Tap & Pay: 50,000 VND refund for the first spending with VPBank card via Apple Pay, up to 100,000 VND refund when paying via Samsung Pay with VPBank credit card at Co.opMart, 7-Eleven, Fahasa, ..., 50% refund of transaction value (up to 100,000 VND) when paying with VPBank credit card via Garmin Pay. "VPBank will continue to expand and develop new payment products and services applying modern technology, bringing convenience and enhancing customer experience. Thereby, the bank contributes to promoting cashless payments and universalizing comprehensive finance, towards the goal of a cashless society" - VPBank representative emphasized.
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