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First virtual prepaid card launched in Viet Nam

Aug 20th at 13:22
20-08-2013 13:22:31+07:00

First virtual prepaid card launched in Viet Nam

The Viet Nam Prosperity Bank (VPBank) yesterday launched the first prepaid online Smartcash Visa Card in Viet Nam with the aim of contributing to the country's e-commerce development.

The State Bank of Viet Nam (SBV) has permitted the bank to pilot the cards for deposits, transfers, e-commerce transactions and cash withdrawals. The maximum limit for a prepaid virtual Visa SmartCash card will be VND5 million (US$238).

Speaking at the launch ceremony, Lorijion Bacchi, Visa country director to Viet Nam, Laos and Cambodia, said the issue of the card marked an important step towards serving the bank's customers.

Online purchasing is becoming more popular in Viet Nam. A research last year revealed that 67 per cent of Vietnamese people went online everyday, 98 per cent were looking for products online and 71 per cent conducted transactions, she said.

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