(KPL) Vietnamese Commercial Joint Stock Bank (Sacombank) yesterday launched its international debit and credit cards in Laos, aiming at providing alternative modern, secured and convenient payment method for its customers.

The cards include Sacombank Lao local debit card, Sacombank Lao Visa debit card and Sacombank Lao Visa credit card, said Director of the Sacombank Laos, Mr Pham Quang Phu.

With Lao local debit card, cardholders can check their account balance and withdraw cash at more than 800 Sacombank ATMs and purchase via more than 3,000 points of sale (POS) of Sacombank in Laos, Vietnam and Cambodia.

While Visa debit cardholders are accepted globally with many benefits such as purchasing goods and services worldwide and via the internet, and cash withdrawing at any local and overseas ATMs.

The Visa credit card allows customers to purchase first and pay later with interest-free period up to 45 days. The cardholders can make payments or withdraw cash from any ATM all around the world, and shopping online.

The holders of the mentioned cards can also participate in Sacombank Plus, Plus Day promotion programmes with discounts up to 50 per cent at a number of shopping spots, dining venues and service points, and earning interest on the average account balance.
Customers can get issuing fee waived and 50 per cent off annual fee of the first year for new card registration from 15 October to 31 December 2014.

In 2008, Sacombank was the first Vietnamese Commercial Joint Stock Bank to open branch in Laos, Mr Pham Quang Phu pointed out.

He explained that after six years of operation, Sacombank has immersed in the pace of dynamic development economy in Laos by providing comprehensive financial solutions packages and modern banking services for the customers who are enterprises, local residents as well as overseas compatriots and other Vietnamese enterprises investing and doing business in Laos.

Sacombank will continue to invest in modern infrastructure, increasing the number of ATMs, POS and concentrating on offering a variety of card products to serve the transaction and non-payment needs of local customers, said Mr Pham Quang Phu.

KPL