NAPAS signs cooperation agreement to promote card spending in Korea

Thạch Lam |

On September 24, 2024, Vietnam National Payment Corporation (NAPAS) - Saigontourist Travel Services Company Limited - Tuoi Tre Newspaper held a signing ceremony for the cooperation program to support and promote NAPAS card spending in Korea.

The cooperation program between 3 units aims to promote tourism between Vietnam and Korea. NAPAS cooperates with Saigontourist Travel to exchange and implement effective marketing activities, to promote cashless payments, and support tourism development between the two countries.

Accordingly, NAPAS cards are introduced directly to Vietnamese tourists coming to Korea through Saigontourist Travel, to promote and encourage the use of NAPAS cards to pay for goods, food, entertainment, etc. at payment acceptance points (“NAPAS”) of the BC Card system throughout Korea.

This not only brings many practical benefits to tourists in particular, but also promotes the development of the tourism industry and cashless payments in general, contributing to the national digital transformation according to the Prime Minister's Decision.

The cooperation program to promote tourism and cross-border payments between Saigontourist Travel and NAPAS is widely communicated so that people can access information, use services, and interact with the program.

In addition to the benefits for tourists, the program also has great significance in promoting cross-border payment activities between Vietnam and countries in the region using NAPAS domestic cards.

The cooperation between Saigontourist Travel – NAPAS – Tuoi Tre Newspaper is based on promoting the capabilities and strengths of each unit in terms of capacity, experience, resources, staff, technical facilities, service facilities...

Ngay sau hop tac, ngay 5 va 6.10.2024 tai Thu do Seoul, Han Quoc cung se dien ra su kien “Vietnam Pho Festival 2024”. Anh: Napas
Immediately after the cooperation, on October 5 and 6, 2024, the event "Vietnam Pho Festival 2024" will also take place in Seoul, Korea. Photo: Napas

The event "Vietnam Pho Festival 2024" is organized to introduce Vietnamese cultural values ​​to Korean people, promote the country's image to promote diplomatic relations, economy, trade and tourism....

Saigontourist Travel and NAPAS will closely coordinate to bring each unit's special attractive products and services to tourists.

NAPAS domestic cards issued by Vietnamese banks and financial companies have product lines including Debit cards, Prepaid cards, Credit cards and dual cards that integrate both debit and credit cards in one physical card.

The card is deployed according to the VCCS standard set managed by NAPAS, meeting the chip card standard regulations of the State Bank as well as the international organization EMV. Advanced chip technology is applied in the card to enhance security, safety and security, and support the prevention of fraudulent and counterfeit card transactions.

Regarding payment scope, NAPAS domestic cards can not only be used domestically but can also be used in a number of countries. Specifically:

In Korea:

NAPAS cardholders issued by banks and financial companies (Agribank, BIDV, MB, TPBank, Sacombank, LPBank, SHB, NamABank, ABBank, OCB, VIB, BVBank, WooriBank, VietBank, Bao Viet Bank, BacABank, VietABank, Co-opbank, SaigonBank, VRB, Mirae Assets) can make payments at a network of more than 3.41 million payment acceptance units belonging to the BC Card Company network, including the largest duty-free store chain in Korea - Shila Duty Free, 24/7 CU convenience store chain, Line Friends store chain and other small and medium-sized businesses.

In addition, NAPAS cards can also be used to withdraw money at the ATM system of Wooribank Korea under the network of BC Card Company, including more than 50,000 ATMs located at the convenience store chains CU, GS25, Ministop throughout Korea; more than 5,500 ATMs belonging to Wooribank Korea and especially, all ATMs located at subway stations from Line 1 to Line 4 in Seoul have accepted NAPAS cards.

At the same time, NAPAS cardholders issued by banks (Agribank, VRB, SaigonBank, SeABank, ABBank, GPBank, HDBank) can withdraw money at ATM systems of banks including NICE and CitiBank belonging to the KFTC company network, Korea.

In Thailand: NAPAS cardholders issued by banks (Agribank, VRB, SaigonBank, SeABank, ABBank, GPBank, HDBank) can withdraw money at ATM systems of SCB, KTB, KBank and BBL banks belonging to the ITMX - Thailand national switching network.

In Malaysia: NAPAS cardholders issued by banks (Agribank, SaigonBank, SeABank, ABBank, GPBank, HDBank) can withdraw money at ATM systems of Bank Muamalat, Maybank, RHB Bank, MBSB Bank in Malaysia's national switching network PayNet.

In Laos: NAPAS cardholders issued by banks (BIDV, Agribank, VRB, SaigonBank, SeABank, ABBank, GPBank, HDBank, VietABank) can withdraw money at LaoVietBank ATM system.

Thạch Lam
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