Vietnam Napas Successfully Tender

Vietnam National Payment Joint Stock Company NAPAS and BC Card Company Korea officially announced the successful connection of international switching service for domestic cards NAPAS and TPBank is a successful bank. The first member of the NAPAS system participated in implementing this service.Through the switching connection between NAPAS and BCCard all TPBanks domestic debit cardholders can make payment transactions at more than 30 million POS accepting points and withdraw money or inquiry over nearly 40000. ATMs under the system of BC Card in Korea from October 6 2020.This service provides TPBank customers with convenience and safety when using NAPAS domestic cards in payment as well as managing spending foreign currencies for traveling business trips etc. of Vietnamese people. in Korea. In the coming time NAPAS and BC Card will continue to expand service provision to banks in the system.NAPAS currently manages and operates the national financial switching and electronic clearing center interconnecting the network of 19000 ATMs 234000 POS machines and 50 domestic and international commercial banks operating in Vietnam. As a non-profit business since the merger NAPAS has reduced the switching service fee 6 times. In 2020 alone Napas has implemented 3 times reduction of switching service fees for banks with the total amount of fee reduction is estimated up to 500 billion VND .