Wednesday, 18/06/2025
   

Shinhan Bank and Visa collaborate to promote payment solutions for SME

Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Visa International (“Visa”) participate in the “Cashless Day 2025” program with the theme “Cashless payment promotes digital economy”.

The program took place on June 14 and 15, 2025, directed by the State Bank of Vietnam (“SBV”) and coordinated with Tuoi Tre Newspaper and NAPAS to organize and implement. After 6 years of implementation, the “Cashless Day” program has spread the message and positive values of cashless payments, contributing to shaping and strengthening payment habits for people and businesses.

At Nguyen Hue walking street, the “Cashless 2025” event series with many different areas vividly recreated a smart cashless society through interesting experiential activities at the booths of participating units, along with a variety of shopping and entertainment activities - applying convenient cashless payment solutions. The event attracted more than 120,000 visitors to visit and experience.

Accompanying the above event, Shinhan Bank brought a special experience space right at the Ting Ting Wow area, attracting many visitors. Customers experienced outstanding digital financial services/products, especially convenient financial solutions developed by the Bank in collaboration with Visa and introduced to the SME customer segment. In addition, visitors had the opportunity to participate in minigames to receive thousands of gifts, along with attractive incentive programs.

In particular, within the framework of Cashless Day 2025 held on the morning of June 14, 2025 at Rex Hotel, District 1, representatives from Shinhan Bank and Visa also participated in the Workshop with the theme "Cashless payment promotes digital economy", sharing experiences in promoting cashless payment solutions in developed countries, typically in Korea. The speakers also emphasized the role of cooperation between financial institutions, technology and the government in building a modern and safe payment infrastructure, to encourage consumers to change their spending habits. Shinhan Bank and Visa have had a sustainable partnership in developing innovative and safe payment solutions through convenient card lines, optimally meeting customers' cashless payment transaction needs, especially in the digital transformation era. In recent years, the two sides have also cooperated to promote diverse payment methods for the SME customer segment, typically the event of launching two Visa credit card lines specifically for SME customers, business owners and private enterprises, including: Shinhan SME and Shinhan Business Owners. Both of these card lines focus on the attractive bonus point accumulation feature, up to 5% for valid transactions, while providing customers with outstanding benefits through premium privileges such as: free Fast Track turns, providing premium pick-up and drop-off experiences for VIP customers at airports nationwide, visa privileges to enter Korea, International Travel Insurance up to 12 billion VND, along with countless incentives at more than 200 Shinhan Zone partners in a variety of fields such as shopping, dining, education, beauty, health care, etc.

Ms. Dang Tuyet Dung - Director of Visa Vietnam and Laos added: “Participating in this event, Visa also cooperated with Shinhan Bank to introduce solutions for small and medium-sized enterprises at the Ting Ting Wow exhibition space, supporting business owners to better manage their finances - separating personal and business expenses - accumulating bonus points on both card spending and POS transaction sales, and enjoying services premium services. Optimal product orientation helps simplify the payment process and increase access to credit, which will improve business efficiency for enterprises. Through innovative initiatives, Visa is committed to promoting a safe and sustainable financial ecosystem in Vietnam."

Mr. Kim Dae Hong - Deputy General Director of Shinhan Bank said: “Over the years, Shinhan Bank has always strived to perfect and provide comprehensive digital financial solutions, to enhance the safe and convenient experience of customers. In particular, the Bank is constantly looking for valuable cooperation opportunities with reputable partners, typically Visa, to promote the development of diverse payment solutions, meeting the increasing needs of customers, as well as contributing to promoting the process of cashless payments in the Vietnamese market according to the direction and orientation of the Government and the State Bank. At the same time, through today's seminar, we expect that international experiences, as well as from Korea, will create a foundation for Vietnam to continue promoting the national digital transformation strategy and accelerate the goal of a cashless society”.

Customers interact at Shinhan Bank's booth

In 2025, Shinhan Bank also deployed POS payment services, accepting a variety of payment methods, including: cards (Visa, MasterCard, NAPAS), contactless payments (NFC) and payments via QR codes. This service helps businesses and business households improve business efficiency, reduce cash management costs and limit risks related to manual operations.

VNBA News

  • More credit policies to encourage organic and circular agriculture

    More credit policies to encourage organic and circular agriculture

    The Government has just issued Decree No. 156/2025/ND-CP dated June 16, 2025 amending and supplementing a number of articles of Decree No. 55/2015/ND-CP dated June 9, 2015 of the Government on credit policy for agricultural and rural development, which has been amended and supplemented by a number of articles according to Decree No. 116/2018/ND-CP dated September 7, 2018 of the Government.

  • HDBank and PV Power to promote sustainable energy transition

    HDBank and PV Power to promote sustainable energy transition

    Continuing to lead the green finance trend and realize the sustainable development strategy, on June 11, 2025, in Hanoi, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a credit contract with a limit of VND 2,000 billion with Vietnam Oil and Gas Power Corporation - Joint Stock Company (PV Power) - a leading electricity producer under the Vietnam National Energy Industry Group (Petrovietnam).

  • 5 big trends shaping banking industry

    5 big trends shaping banking industry

    Entering 2025, the banking industry is forecasted to be positive, continuing to maintain growth in the context of the State's policy of focusing all resources on promoting growth, turning Vietnam into a modern industrialized country with high average income by 2030, moving towards high income by 2045.

  • Shinhan Bank and Visa collaborate to promote payment solutions for SME

    Shinhan Bank and Visa collaborate to promote payment solutions for SME

    Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Visa International (“Visa”) participate in the “Cashless Day 2025” program with the theme “Cashless payment promotes digital economy”.

  • Vietnam enhances regulatory framework to promote cashless payments

    Vietnam enhances regulatory framework to promote cashless payments

    Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.

  • Green bond market gathers momentum

    Green bond market gathers momentum

    Vietnam is embracing a new era of green finance, with a stronger legal framework and rising investor interest paving the way for a vibrant, cost-efficient green bond market.

  • VNBA to draft Code of conduct in debt collection

    VNBA to draft Code of conduct in debt collection

    On the morning of June 16, 2025, in Hanoi, the Vietnam Banks Association (VNBA) held the first meeting of the Drafting Group for the Code of Conduct in Debt Collection Activities. The meeting was chaired by Dr. Nguyen Quoc Hung - Vice Chairman cum General Secretary of VNBA.

  • Get free transaction notification speaker when opening a SOHO MMDA account of Shinhan Bank

    Get free transaction notification speaker when opening a SOHO MMDA account of Shinhan Bank

    Shinhan Bank Vietnam Limited (“Shinhan Bank”) officially launched the “Open SOHO MMDA instantly – Experience Ting Ting speaker for free” promotion program, applied to business individuals, shop owners, business households, private enterprises or companies. The promotion period is from June 10th, 2025 until October 10th, 2025 with total value of up to VND 718,200,000.

  • Notification of synchronize the biometric data

    Notification of synchronize the biometric data

    Dear Valued Customers, Pursuant to the regulations of the State Bank of Vietnam under Circular No. 17/2024/TT-NHNN, effective from July 1, 2025, the legal representative of an institutional customer is required to provide and verify their identification documents and biometric information in order for the institution to continue conducting cash withdrawals and electronic payment transactions on its current account at VietinBank.

  • Lotte Finance raises charter capital to $188.3 million

    Lotte Finance raises charter capital to $188.3 million

    Lotte Finance Vietnam Co., Ltd. has received approval from the State Bank of Vietnam (SBV)'s Credit Institutions Management and Supervision Department to increase its charter capital to over VND4.9 trillion ($188.3 million).

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation