Promoting the non-cash payment and financial spread are the key tasks that the Government and the State Bank of Vietnam have paid special attention to in recent years. As a national payment infrastructure builder, since 2021, NAPAS has coordinated with member organizations to launch domestic chip card product lines that comply with the basic chip card standards of the State Bank of Vietnam in order to bring many conveniences in payment to people. Among them, the domestic credit card is not only a quick and safe means of payment, but also to help people access official credit sources from Vietnamese banks and financial companies in a simple and easy way and with low cost.

In addition to continuing to increase the number of units involved in issuing credit cards to the people, NAPAS has strengthened cooperation with partners to expand the payment ecosystem and increase the utility of domestic credit cards. Following the cooperation agreement between NAPAS, SACOMBANK and NEXTPAY in May 2022, up to now, SACOMBANK NEXTPAY NAPAS link credit card has been officially launched in the market.

Accordingly, the SACOMBANK NEXTPAY NAPAS link credit card is designed with all the features and benefits of a regular credit card, including: (i) Buy now, pay later for any payment transactions for goods and services at payment-accepting units such as shopping malls, supermarkets, restaurants, schools, hospitals or shopping at e-commerce websites, hotel reservation, air ticket booking...; (ii) installment payment with preferential interest rate for spending cards in the territory of Vietnam; (iii) cash withdrawal at ATMs nationwide.

In addition, customers who own SACOMBANK NEXTPAY NAPAS link credit card have the privilege of buying now, paying later with a maximum interest-free period of 55 days, flexible loan repayment with the outstanding minimum interest rate of only 3%/ month (minimum 100,000 VND); 0% interest installment payment at affiliated and non-affiliated partners of SACOMBANK and NEXPAY; cash withdrawal up to 90% of limit at SACOMBANK ATMs and/or at ATMs of NAPAS member banks nationwide.

Especially, when spending and paying by SACOMBANK NEXTPAY NAPAS link credit card, customers will enjoy discounts from 30% to 50% at hundreds of shopping, beauty, culinary, tourism places and some NEXTPAY partners. For detailed information about the benefits of SACOMBANK NEXTPAY NAPAS credit card and fee schedule, conditions for applying for a link credit card, please click here..

Sharing about the meaning of this cooperation, Mr. Nguyen Dang Hung, Deputy CEO of NAPAS said: “Vietnam is a potential market for development of payment card products, contributing to promoting non-cash payments and implementing a comprehensive financial inclusion strategy. Developing a domestic credit card is one of the effective solutions to realize the above goal. Especially with the launch of SACOMBANK NEXTPAY NAPAS link cards based on exploiting the strength of the parties, customers will enjoy the best added value, diversity and many incentives. Thereby, we believe that the product will become an easily accessible financial and payment instrument for all customers and partners in the near future.

According to SACOMBANK, Mr. Pham Duc Duy - Director of SACOMBANK Individual Business Development and Management Center shared: “With the motto of customer-centric motto, we have been constantly striving to build an increasingly diverse ecosystem of products and services, taking advantage of modern financial technology to bring customers more choices in payment and personal finance management. We hope that SACOMBANK NEXTPAY NAPAS credit card will bring customers of both sides a unique experience.” .

For reviewing on tripartite cooperation, Mr. Nguyen Huu Tuat - General Director of NEXTPAY emphasized: “The launch of SACOMBANK NEXTPAY NAPAS credit card is a proof of NEXTPAY’s efforts in developing and expanding products for customers. We believe that these cards will be an effective assistant to help business owners stand firm in the current volatile economy. With more than 150,000 corporate customers nationwide, NEXTPAY will be a long-term partner with SACOMBANK and NAPAS to continue this growth momentum”.

NAPAS domestic credit cards are issued by Vietnamese banks and financial companies. Following the success of SACOMBANK NEXTPAY NAPAS link credit card, NAPAS will continue to promote cooperation with banks/partners to promote cooperation with banks/partners to provide the market with modern payment products to meet the needs of many user segments and promote the development of non-cash payment in Vietnam in the coming time.