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Banking News (Week 36, 2021)

Banking News (Week 36, 2021)

Friday 10, 09 2021
Following is the news brief on Vietnam’s banking industry for the 36th week of 2021 compiled by VietnamCredit.

+ Cake digital banking by VPBank opened online transact support services for customers. Services provided include opening accounts, transacting money, making payments, etc. Cake account can be registered at home using customers’ phone numbers, ensuring safety during the pandemic. Besides, the bank offers free lifetime service and free card issuance at home. Banking products and services connected to transactions via Cake are under the license granted to VPBank by the State Bank of Vietnam. Cake is having a special Super Saver current account with an interest rate of up to 3.6%/year, 18 times the interest rate of normal payment accounts (0.2%/year) of other banks.


HDBank deploys the “HDBank BeMax" program with many preferential fees for businesses when transacting on the Digital Banking channel. With the HDBank BeMax program, HDBank will waive all fees for corporate customers including payment account management fee, eBanking annual fee, transaction verification fee via SMS, and domestic transfer fee via eBanking. In particular, businesses do not need to register to participate in this incentive program. Digital bank HDBank will scan information monthly on transaction frequency and balance to automatically apply a free package to each customer. The more transactions and balances, the more free transactions are.


+ On August 31, 2021, MoMo e-wallet announced that it has become an electronic payment channel on the Sendo e-commerce platform, thereby helping consumers diversify payment channels on the digital platform, limiting the use of cash during the COVID-19 pandemic. Until September 18, 2021, customers have the opportunity to receive 2 discount vouchers: 20,000 VND vouchers for invoices from a minimum of 100,000 VND and 30,000 VND vouchers for invoices from a minimum of 400,000 VND when paying Sendo bills with this e-wallet. Promotional vouchers can be collected on Sendo's web and app homepage.


+ From August 15 to December 15, 2021, Asia Commercial Joint Stock Bank (ACB) deploys a lucky draw promotion for customers. Domestic guarantee customers with a fee of 10 million VND will immediately receive a prize code via email, periodic SMS, to participate in the lucky dial program. Two draws will be held on November 10, 2021, and January 10, 2022, to find out the recipients of the Special Prize, First Prize, Second Prize, Third Prize. The Special Prize, First Prize, Second Prize, Third Prize respectively are 2020 Apple Macbook Pro 13 Touch Bar M1 16GB 256G, iPhone 12 Promax 128GB, Apple Watch Series 6 Aluminum Case with Sport Band, and Apple Airpod 2. Information about winning customers of the two draws will be officially announced on information channels of ACB.


Compiled by VietnamCredit

Banking & Finance

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