On September 24, 2024, the National Payment Corporation of Vietnam (NAPAS) - Saigontourist Travel Service Company Limited - Tuoi Tre News 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 the tourism between Vietnam and Korea, NAPAS cooperates with Saigontourist Travel to exchange and implement effective marketing activitie, to promote cashless payment, support tourism development between the two countries.
Through Saigontourist Travel, NAPAS cards are introduced directly to Vietnamese tourists traveling to Korea for promoting and encouraging the use of NAPAS cards to pay for goods, food, entertainment, etc. at POSs belonging to 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 aims to promote the tourism and cross-border payments between Saigontourist Travel and NAPAS, which is widely communicated in the Tuoi Tre News ecosystem, ensuring that all readers and people can access the information, use the service, and interact with the program. In addition to the benefits for tourists, the program also has great significance in promoting cross-border payments between Vietnam and countries in the region by NAPAS domestic cards.
In 2024, under the direction of the Ministry of Foreign Affairs, Tuoi Tre News in collaboration with Saigontourist Group will organize the event "Vietnam Pho Festival 2024" in Korea. The program will take place on October 5 and 6, 2024 in Seoul, Korea, including many different activities; with the purpose of introducing Vietnamese cultural values to Korean people through Pho, promoting the country’s image to promote the diplomatic relation, economy, trade and tourism, etc.
"Vietnam Pho Festival 2024" will be an opportunity and a lever to promote autumn-winter and new year tourism in Korea. Saigontourist Travel and NAPAS will closely coordinate to bring each unit’s special attractive products and services to tourists.
The cooperation between Saigontourist Travel – NAPAS – Tuoi Tre News is based on promoting the capabilities and strengths of each unit in terms of capacity, experience, resources, staff, technical facilities, and service facilities, etc.
The National Payment Corporation of Vietnam is a payment intermediary service provider licensed to provide the financial switching and electronic clearing services in Vietnam. With the role of national financial switching and providing retail payment infrastructure for the economy, NAPAS has been coordinating with banks, payment intermediary service providers and partners to provide payment services through cards, bank accounts, QR codes, Mobile Money, etc. At the same time, NAPAS also expands the deployment of international switching service through the cooperation with parties, including Asian Payment Network (APN), international card organizations, national payment organizations, etc.
Saigontourist Travel Service Company Limited is one of the leading travel brands in Vietnam and the region in the travel industry. Saigontourist Travel is the leading unit in Vietnam operating effectively in all three areas, including the international travel, the foreign travel, and the domestic travel. With the goal of bringing new and exciting experiences, Saigontourist Travel always cooperates with leading partners to bring customers creative, safe and high-quality travel experiences. Saigontourist Travel is headquartered in Ho Chi Minh City and has 18 branches across Vietnam.
Tuoi Tre News is a multimedia press complex including publications: Tuoi Tre daily, Tuoi Tre weekends, Tuoi Tre laugh with the electronic newspaper ecosystem: Tuoi Tre Online, Tuoi Tre TV Online and Tuoi Tre News and social networks Fanpage, Youtube, Tiktok. Tuoi Tre newspaper platforms continuously update economic, political, social information, and regularly organize major events across domestic and international fields.
NAPAS domestic cards issued by Vietnamese banks and financial companies include product lines: Debit cards, Prepaid cards, Credit cards and dual cards integrating both debit and credit cards in one physical card. The cards are deployed according to the VCCS standard set managed by NAPAS, meeting the chip card standards 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; support the prevention of fraudulent and counterfeit card transactions Regarding payment scope, NAPAS domestic cards can be not only used domestically but can be also used in some 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 Asssets) can make payments at a network of more than 3.41 million POSs in the BC Card Company network, including the largest duty-free store chain in Korea - Shila Duty Free, 24/7 CU store chain, Line Friends store chain and other small and medium-sized businesses. In addition, NAPAS cards can be also used to withdraw money at the ATM system of Wooribank Korea in the BC Card Company network, with more than 50,000 ATMs located at the CU, GS25, Ministop store chains throughout Korea; more than 5,500 ATMs of Wooribank Korea and especially, all ATMs located at subway stations from Line 1 to Line 4 in Seoul have accepted NAPAS cards. 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 banks including SCB, KTB, KBank and BBL belonging to the national switching network ITMX of Thailand. In Malaysia: NAPAS cardholders issued by banks (Agribank, SaigonBank, SeABank, ABBank, GPBank, HDBank) can withdraw money at ATM systems of banks including Bank Muamalat, Maybank, RHB Bank, MBSB Bank belonging to the national switching network PayNet of Malaysia. In Laos: NAPAS cardholders issued by banks (BIDV, Agribank, VRB, SaigonBank, SeABank, ABBank, GPBank, HDBank, VietABank) can withdraw money at ATM systems of LaoVietBank |
