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ATM cards

Magnetic strip ATM cards to remain valid next year

Magnetic strip ATM cards to remain valid next year

The State Bank of Vietnam (SBV) this week issued a dispatch, noting that domestic automated teller machine (ATM) cards with magnetic strips will remain valid for normal use after December 31, 2021.
New steps to speed up replacement of magnetic strip ATM cards

New steps to speed up replacement of magnetic strip ATM cards

The National Payment Corporation of Việt Nam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.
Central bank issues roadmap for ATM card upgrades

Central bank issues roadmap for ATM card upgrades

Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and...
Visually impaired people need better access to bank cards

Visually impaired people need better access to bank cards

Commercial banks have been told to study the process of opening payment accounts and ATM cards for visually impaired people.
First Vietnamese bank issues ATM card through LiveBank

First Vietnamese bank issues ATM card through LiveBank

Tien Phong Joint Stock Commercial Bank (TPBank) has d a new function of issuing ATM cards to customers through LiveBank - the first auto banking system in Viet Nam.
SBV urges banks to switch to chip cards

SBV urges banks to switch to chip cards

The State Bank of Viet Nam has instructed banks to quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud.
City ATMs run out of money

City ATMs run out of money

Office workers were unable to withdraw cash from ATMs following payment and Tet bonuses over the weekend.
ATM card holders have 4b

ATM card holders have $4b

ATM card holders in Viet Nam had VND89.8 trillion (US$4.08 billion) in 42.7 million current accounts at the end of June, according to the latest data from the State Bank of Viet Nam. The savings earn 1.2 per cent in interest per year.
VCBs ATM fees soar up by 67%

VCB's ATM fees soar up by 67%

Anyone who makes a money transfer via Vietcombank''s local debit card now has to pay a VND5,000 (23 US cent) fee per transaction, an increase of 67 per cent against last month.