Nottingham, U.K – 22 January 2018 – Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), a leading commercial bank in Vietnam, has signed a partnership agreement to become the sole issuer of Diners Club cards in Vietnam.
The bank will issue Diners Club cards as both standard and contactless cards, catering for the rapid growth and popularity of contactless terminals in the country.
“The project between VietinBank and Diners Club marks a new step for the diversification of products in the card market in Vietnam, providing a new modern payment tool for customers to choose. At the same time, this is also a good opportunity for VietinBank to promote our brand, products and services in general – and card products in particular – to confirm the competitiveness and strength of VietinBank in all areas,” said Phung Duy Khuong, Deputy CEO, Head of Retail Banking Division at VietinBank.
“We are delighted to support VietinBank with the launch of their new Diners Club card project,” said Igor Simonov, Sales & Account Manager, at Compass Plus. “The bank continues to demonstrate its strength in the card market by striving to provide its customers with the best card products on offer.”
VietinBank has collaborated with Compass Plus since 2009, using its TranzWare suite of solutions. Today, VietinBank has a domestic network comprising of 155 branches, over 1,000 transaction offices and operates two branches in Germany, one wholly-owned subsidiary bank in Laos, and one representative office in Myanmar.
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is one of the leading commercial banks in Vietnam with diverse personal and corporate financial services. VietinBank is also the pioneer in the field of retail banking, particularly in card business. It is the leader in providing Visa/Mastercard credit cards, E-Partner domestic debit cards as well as domestic and international acquiring services. VietinBank has the largest network of card acceptance across Vietnam, and is also the first bank to providing services such as hospital bill payment through kiosk banking and nonstop-moving toll payments.
About Compass Plus:
Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions and payment service providers meet rapidly changing market demands. Our diverse customer base spans retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With more than 25 years’ experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.