Visa links with with insurer FWD Vietnam

Visa links with with insurer FWD Vietnam

Digital payments company Visa and FWD Vietnam Life Insurance Company Limited (FWD Vietnam) have officially signed a memorandum of understanding, marking a significant step forward in pioneering the use of technology to digitise insurance and deliver tangible value to customers.

Leaders of Visa and FWD Vietnam Life Insurance Company Limited sign a memorandum of understanding to digitise insurance and deliver tangible value to customers. – VNS

By combining Visa’s advanced payment technology with FWD Vietnam’s innovative life insurance solutions, this partnership opens a new journey of differentiated protection for customers in Việt Nam – more flexible, safer, and personalised – featuring outstanding solutions.

Accordingly, customers can pay insurance premiums using Visa cards and opt for installment payments via Visa Instalment Solutions. 

Through the Visa Offers Platform, customers can access personalised, real-time offers tailored to their needs and habits, enhancing engagement, and creating unique appreciation programmes for FWD Vietnam’s loyal customers. 

Furthermore, account Name Inquiry and Credential-on-File technologies ensure accuracy and minimise transaction interruptions via intelligent processing and automatic payment features. 

“By combining Visa’s global payment technologies with FWD’s customer-centric insurance solutions, we can expand access to life insurance and enhance the financial well-being of communities across Việt Nam,” said Dung Đặng, country manager of Visa Vietnam and Laos.

The partnership between FWD Vietnam and Visa represents a new milestone in delivering greater benefits to customers, enriching their experience, and contributing to the growth of digital insurance and cashless payments in Việt Nam.

Phương Tiến Minh, CEO of FWD Vietnam, shared: “At FWD Vietnam, insurance is not just about protection but also about bringing peace of mind and comfort to everyday life. Our partnership with Visa is a testament to our commitment to applying advanced technology to create simpler, more convenient, and modern experiences.” 

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