Visa introduces its debit card to Vietnam market
Visa Global Corporation, with the number one global payment card, announced today the release of its Visa Debit card in Vietnam.
Visa Debit allows its customers to directly connect with their accounts to withdraw cash via ATM machines and settle payments at over 6,000 other locations of the payment services in Vietnam.
Visa Debit card can also be used at over 24 million locations worldwide.
The Bank for Agriculture and Rural Development of Vietnam, Bank for Foreign Trade of Vietnam, Bank for Investment and Development of Vietnam, and Industrial and Commercial Bank of Vietnam are member financial institutions of Visa.
Visa has around 1.3 billion cards in circulation in more than 150 countries in the world.
Debit Card, which physically resembles a credit card, and, like a credit card, is used as an alternative to cash when making purchases. However, when purchases are made with a debit card, the funds are withdrawn directly from the purchaser’s checking or savings account at a bank.
There are currently two types of debit cards, online debit cards and offline debit cards.
By Tran Hung - Tahnh Nien - November 9, 2005.
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