The State Bank of Vietnam (SBV) issued Document No.3156 and 3157NHNN-TT on April 29th, 2016 to acknowledge the registration of bank cards for the Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) and Vietnam Prosperity Joint-Stock Commercial Bank (VPBank).
Accordingly, the SBV acknowledges that LienVietPostBank has registered to issue three types of domestic prepaid card (Connective Development Card, Viet Wallet Card and Retire Card); VPBank has registered to issue one international credit card (namely VPBank international credit Timo Life MasterCard of Titanium Class).
The SBV requires LienVietPostBank and VPBank to comply with the SBV Regulations on issuance, payment, utilization and provision of supporting services promulgated with Decision No.20/2007/QD-NHNN issued by the SBV Governor dated May 15, 2007; and the regulations on risk management in electronic banking operations, safety and security of the information technology system in banking operations and the regulations on safe internet banking services.
Nguyen Giang