NAPAS, Mastercard launch first co-badged card across six banks

NAPAS, Mastercard launch first co-badged card across six banks

The National Payment Corporation of Vietnam (NAPAS), in collaboration with Mastercard, officially launched Việt Nam's first co-badged card with six leading banks, including Agribank, BIDV, TPBank, Nam A Bank, PVcomBank and Vikki.

Delegates launch Việt Nam’s first co-badged card with six leading banks, including Agribank, BIDV, TPBank, Nam A Bank, PVcomBank and Vikki. — Photo courtesy of Mastercard,

This marks a significant milestone in ensuring cardholders a seamless payment experience for domestic and international transactions using a single card.

This launch follows from the Memorandum of Understanding signed in October 2024 by NAPAS, Mastercard and nine banks in Việt Nam aimed at delivering innovative new services to domestic cardholders.

By combining Mastercard’s global acceptance and innovation with NAPAS’s strong domestic infrastructure and market expertise, the co-badged card allows cardholders to effortlessly make both domestic and international payment. It not only empowers Vietnamese consumers and businesses with greater flexibility, but also supports the nation's digital transformation and the development of a modern, cashless economy.

This solution caters to the growing demand for cross-border payments in areas such as shopping, travel, education and global business. Domestically, it is accepted at over 650,000 acceptance points and withdraw cash from more than 20,000 ATMs nationwide, while internationally, it unlocks access to more than 150 million acceptance points and one million ATMs globally.

The card’s dual-chip architecture combines NAPAS's VCCS for domestic use with Mastercard’s global M/Chip technology, ensuring compatibility and security. This sophisticated integration supports both contact and contactless payments, in line with leading international security standards, including multilayer authentication via the Cardholder Verification Method (CVM). Issuing banks have the flexibility to offer various tiers, such as Classic or Platinum for VCCS, and Standard for M/Chip, covering all transaction channels including ATMs, POS terminals and e-commerce platforms.

By integrating domestic and international standards into a unified solution, the dual-chip architecture simplifies cross-border transactions, while enhancing operational efficiency and customer loyalty for the banks. 

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