A total 31 member banks of Smartlink Card Services Joint Stock Co. have agreed on joining Asia-Payment Network (APN) in 2011, becoming the second card alliance in Vietnam to join the Asian network behind BanknetVN.
A total 31 member banks of Smartlink Card Services Joint Stock Co. have agreed on joining Asia-Payment Network (APN) in 2011, becoming the second card alliance in Vietnam to join the Asian network behind BanknetVN.
With APN membership, in future, Smartlink member banks in Vietnam can expand their card payment networks to those in the Asian region, according to the card alliance in its recent annual meeting. Through this system, cardholders in Vietnam can enjoy more utilities at attractive fees.
APN currently clubs together players from many Asian countries including Malaysia, Indonesia, Thailand, Singapore, the Philippines, South Korea and Vietnam.
Besides, Smartlink also has plans to connect to China Union Pay via Vietnam’s Vietcombank and become a provider of ATM services for different cards such as Visa Card, Mastercard, American Express, and JCB.
Smartlink in this year’s first half recorded nearly 22 million transactions with the total value of VND19 trillion. Its member banks are now operating 6,000 ATMs and 29,500 points of sales, accounting for market shares of 50% and 55% respectively.
(Source: SGT)
