FE CREDIT Aims To Drive Cashless Transactions with the Launch of Vietnam’s First Instant Credit Card Facility in Partnership with Entrust Datacard

Ho Chi Minh City, April 2017 – To drive credit card penetration amongst first time users and to promote cashless transactions, VPBank Finance Company Limited (FE CREDIT) has launched instant credit cards. This is Vietnam’s first ever instant credit card functionality which has been enabled with the following ground breaking features:

• Instant Application and Approval: A customer can just walk in, apply and be approved for a card all within less than 20 minutes
• Instant Issuance & Personalization: Using proprietary technology and a state of the art FP65i Instant Card machine from Entrust Datacard, an FE CREDIT Plus MasterCard credit card will be issued within just 5 minutes post approval to the customer.
• Instant Activation: The cardholder will be able to activate his/her FE CREDIT Card instantly, by sending a simple SMS
• Instant Usage and Rewards: The cardholder can start using his/her new FE CREDIT MasterCard credit card at any MasterCard accepting POS or ATM in Vietnam or anywhere in the world for cashless convenience and also start earning Everyday Rewards Plus points on all card usage.

FE CREDIT has enabled this unique technology driven solution at Nguyen Kim, one of the largest consumer electronics and durables retailers in Vietnam. So now customers can simply walk in, apply and get a FE CREDIT Plus card INSTANTLY and start shopping at Nguyen Kim. Initially available at one flagship outlet, the facility will be rolled out across other outlets subsequently.

Mr. Kalidas Ghose, CEO of FE CREDIT said “FE CREDIT believes in making consumer credit and credit cards available to our valued customers on a FAST and EASY basis. That is the core of every market defining initiative which we pioneer. This first in Vietnam instant credit card is another example of our ongoing endeavor.”

Mr. Nimish Dwivedi, Credit Card Business Director of FE CREDIT added “This instant credit card is a huge leap in terms of providing market defining benefits which allow customers who do not have a card product to commence their cashless experience journey on a full fledged basis in just a few minutes.”

About FE CREDIT

One of the pioneers in the Consumer Finance industry, after just 6 years of operation, FE CREDIT has established a solid foundation to become the market leader of the unsecured consumer loans market. FE CREDIT currently provides consumer lending services with key products such as personal loans, two-wheeler loans, consumer durables loans and credit cards.

For more information, please contact:

Marketing Center – FE CREDIT – VPBank Finance Company Limited

Address: Level 2, REE Tower Building, No. 9 Doan Van Bo, Ward 12, District 4, Ho Chi Minh City

Phone: (08) 3911 5212

Email: [email protected]

Website: www.fecredit.com.vn