Mobile phones are also becoming increasingly smarter because of people’s constant creativity.
With the use of smartphones becoming more and more popular. Vietcombank has developed and created a new payment trend “Spending cards without using a card” with many outstanding advantages, reducing costs and saving waiting time.
The entry into the “touchless” payment development market of technology giants
Originating from the question “Sometimes a person can forget their wallet at home while their phone is always with them. Is it possible to comfortably shop and go around with just a phone with you?”
Identifying technology and digitalization as the key factors that determine the maintenance of competitiveness, Vietcombank is one of the banks that completes the world’s three most popular and modern payment solutions for mass consumers. the majority of smartphone users in Vietnam.
1. Apple Pay: Applicable to Customers using iPhone, Apple Watch, iPac or Mac
2. Google Pay: Applicable to Customers using the Android operating system
3. Samsung Pay: Applicable to Customers using Samsung mobile devices
Thanks to that, Vietnamese users only need to add a Vietcombank Visa international debit or credit card using contactless chip technology with a symbol.
You can leave your wallet at home and feel free to go shopping. Users just need to tap and pay easily. Thanks to the application of encryption technology for each transaction combined with advanced security measures of mobile devices, customer card information is completely confidential, avoiding the disclosure of customer information.
What is a contactless chip card?
Contactless chip technology cards use a microprocessor chip that holds more data than a magnetic strip. This chip is also used to enhance transaction encryption. Transaction data is stored on the chip (front of the card) and the encryption changes with each transaction and this is the basic difference between chip cards and magnetic strip cards, ensuring safety and security for Chip cards. Contactless chip technology helps prevent cardholder information from being copied, reliably protecting cardholder personal information.
Vietcombank is currently implementing free conversion of magnetic cards to Chip cards. To avoid incurring magnetic card maintenance fees, customers should convert to Chip cards for free and Vietcombank will refund the fee to the customer in case the customer converts and/or locks the magnetic card within 3 months. from the date of fee collection by one of the two methods below:
Method 1: Convert on VCB Digibank: Apply to debit cards with the following specific steps:
Method 2: At Vietcombank branches/transaction offices: Apply conversion to all card types.
Note: Once the registration procedure has been completed successfully, customers will not be able to cancel the card technology conversion request.
