Sacombank to be one of the first banks to issue NAPAS & Mastercard co-branded cards in Vietnam

16/10/2024

On 15/10/2024, the National Payment Corporation of Vietnam (NAPAS), global payment technology company Mastercard, and nine leading commercial banks signed a Memorandum of Understanding (MoU) to collaborate on issuing the first co-branded card between NAPAS and Mastercard in the Vietnamese market.

The NAPAS and Mastercard co-branded card, featuring contactless payment functionality across a widespread global and domestic card acceptance network, will offer customers a seamless, safe, and secure payment experience. In addition, the co-branded card can be conveniently and quickly used for online payments on international e-commerce (ecom) platforms. 

Besides the advantages of the extensive payment acceptance network, cardholders will also enjoy NAPAS benefits in Vietnam as well as attractive promotional offers at Mastercard’s global network of international payment acceptance points. 

The cooperation to issue co-branded cards between Sacombank, NAPAS, and Mastercard reaffirms the commitment and efforts of all parties to provide users with a new, secure payment solution. Stay tuned for the launch of this pioneering card collaboration between Sacombank, NAPAS, and Mastercard!