Techcombank launches internet credit card

A customer uses a Techcombank card to withdraw money at an ATM of the bank. Techcombank has issued the virtual card called Rêv Visa Internet Card - Photo: Courtesy of Techcombank

HCMC – Technological and Commercial Bank of Vietnam, or Techcombank, has combined with Rêv Asia Pacific Co. to launch a virtual card called Rêv Visa Internet Card that allows customers to buy goods via the internet.

Rêv Visa Internet Card is a pre-paid card and does not require the holder to have a bank account.

A customer just needs to buy a scratch card with the desired amount of money, then goes to the website www.revinternetcard.com.vn to activate the card. He or she then can use that account to buy goods on local and international websites accepting payment by Visa card.

In HCMC, customers can buy the card at Coop Mart supermarkets on Nguyen Dinh Chieu, Nguyen Kiem, and Dien Bien Phu Street or Sinh Telecom Co. in District 10. The bank, which is the first bank to launch this virtual card in Vietnam, said these cards would be widely distributed in the near future.

Techcombank now issues many kinds of payment cards comprising local debit card, Visa debit card, Visa credit card, and a card under cooperation between the bank and Vietnam Airlines.

As of late June this year, Techcombank’s total assets had amounted to VND107.9 trillion. At this time, Techcombank has nearly 230 branches and transaction offices nationwide and plans to raise the number to 300 by the end of this year.

HSBC, holding a 20% stake in Techcombank, is now the strategic investor of the local institution.