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Banking News (January 21st, 2021)

Banking News (January 21st, 2021)

Thursday 21, 01 2021
Check out the news brief of the banking industry on January 21st, 2021.
+ AppotaPay Joint Stock Company and Nam A Commercial Joint Stock Bank (Nam A Bank) recently signed a bilateral cooperation agreement in services including e-wallet linking, payment gateways, cash collection, etc. Also, Nam A Bank opens accounts, chip/VCCS cards, non-physical cards using eKYC and provides a comprehensive financial solution for AppotaPay customers.

+ The State Bank of Vietnam (SBV) issued Document No. 02/CTH-TTGS on the approval of relocation of Vietnam Maritime Commercial Joint Stock Bank (MSB) - Can Tho Branch from No. 40 Phan Dinh Phung Street, Tan An Ward, Ninh Kieu District, Can Tho City to No. 42-44-46 Nguyen An Ninh Street, Tan An Ward, Ninh Kieu District, Can Tho City since January 10th, 2021.

+ Home Credit finance company is organizing an online game on the web and application of Home Credit. Accordingly, customers accessing the website or using the Home Credit application will stand the chance of winning a phonecard, deposited directly into their accounts.

+ MSB and Loc Ninh 4 Energy Joint Stock Company has recently signed a funding contract for the Loc Ninh 4 Solar Power Plant Project, one of the largest projects of Hung Hai Group, with the most preferential interest rates. According to the signed contract, MSB will provide the credit package of VND 2,400 billion for the development of this project. Besides the credit package above, MSB also announced a preferential credit package of up to VND 30,000 billion exclusively for renewable energy projects with the most preferential interest rates.

+ Be Group (the owner and developer of the Be application) and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has just introduced Cake Digital Bank - an electronic banking solution system. This is the first time in Vietnam that a digital bank is connected for display on the ride-hailing application. Accordingly, the Cake Digital Bank provides a full range of services as a traditional bank, such as opening an account, transferring - receiving money, paying bills, depositing savings, issuing debit cards (Mastercard). Especially, opening an online account is quick, in just two minutes without the need for going to the counter. Besides, Cake offers free lifetime services and free card issuance at home.

+ Southeast Asia Commercial Joint Stock Bank (SeABank) has been granted two awards "Leading bank in card transaction growth in 2020" and "Leading bank in credit card transaction growth in 2020" by VISA International Card Organization.
Previously, thanks to SeALady Cashback international credit card, SeABank contributed VND 500 million to the Cancer Fund "Bright Tomorrow". Along with these awards, SeABank was also honored to be in the Top 50 Best Enterprises in Vietnam in 2020, organized by Vietnamnet and Vietnam Report.

+ JP Morgan Vietnam Bank granted the Excellent International Payment Quality Award (2020 Elite Quality Recognition Award by JP Morgan) to Eximbank. This is the 7th consecutive year Eximbank has been honored with the award.

+ PVcomBank launched the promotion program "Evoking wealth - Welcoming success". Accordingly, from January 12th to April 10th, 2021, customers depositing savings at branches and transaction offices of PVcomBank with a term of 1 to 36 months will have the opportunity to receive a high-value gift set. Specifically, with the monthly converted deposit from VND 800 million, customers will immediately receive a gift set worth VND 500,000. With a monthly converted deposit of VND 1.6 billion, the gift set is worth VND 850,000 (monthly converted deposit = amount of deposit x number of months of deposit).
Translated by VietnamCredit
Banking & Finance

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