Shinhan Bank, Lotte Mart launch co-branded card

Friday, Nov 22, 2019 10:33

Kang Min Ho, General Director of Lotte Mart Vietnam, and Shin Dong Min, CEO of Shinhan Bank in Viet Nam, at the signing ceremony in HCM City on November 21. — Photo courtesy of Shinhan Bank

Shinhan Bank Vietnam Ltd. signed a deal with Lotte Vietnam Shopping Joint Stock Company (Lotte Mart) to launch a co-branded credit card in HCM City on Thursday.

Shinhan - Lotte Mart card offers cardholders exclusive Lotte Mart privileges like unlimited points in their membership accounts at a rate of up to 2.5 per cent.

Until April 30 next year credit cardholders can get 2.5 per cent cashback for payment at Lotte Mart stores and a 5 per cent discount on Speed L.

The card uses contactless payment technology.

Speaking at the launch, Kang Min Ho, general director of Lotte Mart Vietnam, said: “Our partnership with Shinhan Bank goes together with the goal of bringing convenient shopping experiences to customers at Lotte Mart.”

Shin Dong Min, CEO of Shinhan Bank in Viet Nam, said: “Shinhan Bank is trying to expand its partnership with partners and affiliate networks to launch new credit card lines, giving customers a wide ranges of payment options.

“The strategic co-operation … [with] Lotte Mart promises great benefits to customers.” — VNS

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