To drive credit card penetration amongst first time users and promote cashless transactions, VPBank Finance Company Limited (FE CREDIT) has launched instant credit cards. Vietnam's first ever instant credit card is enabled with ground breaking features like:
- Instant Application: Customers can walk-in, apply and get approved for a card within 20 minutes.
- Instant Issuance: Using Instant Issuance solution from Entrust Datacard & its local partner, MK Group, a FE CREDIT Plus credit card will be issued within 5 minutes post approval.
- Instant Activation: Cardholders can use the FE CREDIT Card instantly at any MasterCard accepting ATM or POS in Vietnam or globally.
FE CREDIT has commenced offering this solution at one flagship outlet of a leading consumer durable retailer in Vietnam with a full-fledged scale up plan.
Mr. Kalidas Ghose, CEO of FE CREDIT said "FE CREDIT believes in making consumer credit and credit cards available to our valued customers on a FAST and EASY basis. That is the core of every market defining initiative which we pioneer. This instant credit card is another example of our ongoing endeavorsand a first in Vietnam."
Mr. Nimish Dwivedi, Credit Card Business Director of FE CREDIT added "This instant credit card is a huge leap in terms of providing market defining benefits which allow customers who do not have a card product to commence their cashless experience journey on a full-fledged basis in just a few minutes."
Mr. Ajay Kumar, Regional MD - Asia Pacific, Financial Instant Issuance for Entrust Datacard,said "We are excited to be part of FE CREDIT's initiative for instant issuance of Plus Cards. With the solution, FE CREDIT can create differentiation in their offerings."
About FE CREDIT
A pioneer in Consumer Finance, FE CREDIT has established a solid foundation to become the market leader of the unsecured consumer loans market. FE CREDIT currently provides consumer lending services such as personal loans, two-wheeler loans, consumer durables loans and credit cards. www.fecredit.com.vn .
About Entrust Datacard
Entrust Datacard offers trusted identity and secure transaction technologies, ranging from the physical world of financial cards, passports and ID cards to the digital realm of authentication, certificates and secure communications. www.entrustdatacard.com .
Media Contact:
FE CREDIT - VPBank Finance Company Limited
+84- 08-3911-5212
pr@fecredit.com.vn
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