Baemin Vietnam and Shinhan Bank launch co-branded credit card

Nov 23rd at 10:49
23-11-2022 10:49:44+07:00

Baemin Vietnam and Shinhan Bank launch co-branded credit card

BAEMIN Vietnam application has officially partnered with Shinhan Bank to launch a co-branded credit card named "Gourmet Member" with a credit limit of VND100 million (about $4,000).

 

Information about the co-branded card was shared during the launch held in Ho Chi Minh City on November 22, attended by the CEO of BAEMIN Vietnam, along with the general director, and deputy general directors of Shinhan Bank.

Alongside the significant rise of the market economy, the burst in the use of mobile devices and the internet, and the increasing trend of different payment methods in Vietnam, cashless payment is becoming prevalent and receiving great attention from businesses across all sectors.

Such transactions can be done in seconds with just a few simple steps. What’s more, these transactions can be made secure, which helps eliminate various risks compared to other transactions.

Observing the changing financial needs of users to keep pace with the trend, BAEMIN application has partnered with Shinhan Bank to develop and launch the co-branded credit card "Gourmet Member."

Card users will receive unique benefits from two BAEMIN gift packages, including Gourmet Member Welcome Package worth up to $37 and Gourmet Member Special Package worth up to $242.

With Gourmet Member Welcome Package, cardholders will get 30 BAEMIN discount coupons. The discount code is available within 6 months from the date of receipt.

The discount coupon is valid for every month and is available for all orders. Each member can use up to 10 coupons per month.

To register for BAEMIN - Shinhan credit card, customers can quickly register on SOL app of Shinhan Bank, free of charge or go directly to the nearest branch or transaction office of Shinhan Bank for detailed instructions.

In addition to the attractive privileges from two BAEMIN gift packages, similar to other credit card lines of Shinhan Bank, BAEMIN - Shinhan credit card users also enjoy the convenience of accumulating 0.3 per cent Shinhan bonus points for valid spending at any available affiliates other than BAEMIN app, with the conversion rate of 1 point = VND1.

At the same time, BAEMIN - Shinhan credit card users can manage their finances flexibly with an 18-month instalment plan with a preferential interest rate at any favourite brand for transactions of $121 or more, with free conversion. Plus, cardholders will receive discounts of up to 50 per cent at more than 200 partners at Shinhan Zone in various fields: food, travel, beauty, and healthcare

Jinwoo Song, general director of BAEMIN Vietnam said, "With our customer-centric culture, we have constantly been making efforts to build meaningful partnerships, leveraging modern financial technology to give users more choices in payment and personal financial management."

"The co-branded credit card with Shinhan is just at the start of BAEMIN's long road of levitating user experience. Shinhan Bank is one of our responsible, reliable partners with outstanding achievements in their field. I hope that BAEMIN - Shinhan credit card will bring our customers unique and preeminent experiences. In the future, we will continue to expand our sustainable partnerships to help people lead happier and more convenient lifestyles,” Song added.

With a commitment to sustainable development, BAEMIN promises to continue to launch new products and services to serve more customers and stakeholders.

vir



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Credit growth high amid hikes in LDR

Most of the listed commercial banks in the country recorded a sharp increase in the loan/deposit ratio (LDR) at the end of the third quarter of 2022 compared to...

Recession threat for 2023 as interest rates continue to rise

Despite overcoming the pandemic much better than most other countries, Vietnam is not exempt of another sort of virus that is creeping into the country: inflation...

Rising credit demand puts pressure on Vietnam's economy

Experts call for the central bank to expand the credit growth target to 15-16% this year.

Vietnam considers raising cap on credit growth

Vietnam will consider lifting the cap on its credit growth, its prime minister said, as the economy is facing pressure from higher interest rates and tightening...

Mastercard brings more payment choices to VPBank cardholders with Google Wallet

To meet growing consumer preference for more payment options, Mastercard has launched contactless payments via Google Wallet in Vietnam. Mastercard cardholders from...

Generali continues to be honored among Vietnam’s best places to work

Generali Vietnam Life Insurance LLC (Generali Vietnam) continued to be honored among “Top 100 Vietnam’s Best Places To Work” according to Anphabe’s 2022 survey...

Home Credit receives the Visa Award for the third year in a row

Home Credit Vietnam has won a Visa Award 2022 in the most acclaimed category of Leadership in Payment Volume Growth, making 2022 the third consecutive year that the...

ABBANK adopts international pre-validation system

ABBANK has put into operation SWIFT Payment Pre-validation, a highly advanced solution that helps reduce errors and exceptions in cross-border payments through...

Debt obligations and fund access head banking issues

Vietnam’s banking sector is likely to experience a bumpy road ahead. Tran Thi Khanh Hien, research director of VNDIRECT Securities Corporation, spoke with VIR’s...

Workers in eight provinces and cities get loans at preferential rates

After signing an agreement with the Vietnam General Confederation of Labour to provide a VND10 trillion (US$403.1 million) loan package to workers at industrial...

Bank stocks

Insurance stocks


MOST READ


Back To Top