The Viet Nam Prosperity Bank (VPBank) and Viet Nam Mobile Telecom Services Corporation (MobiFone) announced a strategic co-operation in developing mobile financial products.

Together, they also launched the MobiFone-VPBank co-branded card.

Accordingly, MobiFone subscribers will enjoy preferential programmes and financial support from VPBank while purchasing products at the corporation’s retail shops, and be able to easily access the bank’s consumer loans without mortgages.

MobiFone users will not be required to prove their income when using VPBank’s credit lending to help them save time.

The co-branded card can grant a credit limit of up to VND500 million (around US$22,000) each, with many advantages, such as 50 per cent discount to MobiFone’s mobile phone prepaid card payment through VPBank Online every Friday.

In addition, while purchasing products, the co-branded cardholders can register for payment through installments with a zero interest rate. — VNS