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|Bankograph Financial Group joined forces with National Citizen Bank to develop credit card services|
According to MoU, Bankograph ties up with NCB to not only extend the latter's business network and potential customer data but also complete procedures, optimise credit products to make them more accessible and affordable for customers on the back of the existing operating Master Service agreement.
NCB, with innovation as one of its core values, sees the need to bring digitally-optimised financial solutions to retail customers for each of its product segments, especially credit card business. The cooperation between NCB and Bankograph will extend NCB's capabilities to become a significant credit card issuing financial institution in Vietnam.
Meanwhile, Bankograph is a Singapore Fintech company, which owns and operates digital banking platform and has developed an innovative third-party credit card management platform. It is committed to long-term cooperation with NCB and supports NCB in developing its credit card operations, building a new customer base and a commercial agency system that connects NCB's electronic payment service platform.
Bankograph will work with NCB to drive foreign investment to Vietnam. Bankograph will work with NCB to drive foreign investment to Vietnam.
Alexander Gold, chairman of Bankograph Financial Group, said, “We are very excited to enter into the next phase of our close relationship with NCB, one of the forward-looking banks in Vietnam. NCB is on the way to new heights and we are honoured that they have entrusted us with assisting them on their journey.”
By the end of the third quarter of 2018, there were 4.6 million credit cards issued in Vietnam with total trading value reaching approximately VND50 trillion ($2.17 billion), up 50 per cent over the same period of 2017. With more than 70 million adults and the fastest growth in both income and spending in the region, Vietnam is showing its potential as a lucrative credit card market.