Discover Financial Services Announces an Alliance with Smartlink Network to Expand Acceptance in Vietnam
14 Novembre 2013 - 5:03PM
Business Wire
Discover Financial Services (DFS) and Smartlink Card., JSC, a
leading domestic payments network in Vietnam, today announced a
strategic alliance that will give Discover and Diners Club
International (DCI) cardholders the ability to use their cards at
more than 16,000 ATMs in Vietnam via a network of local commercial
banks.
The long-term agreement will further increase transaction volume
on the international domestic payment network while giving Discover
and DCI cardholders more consumer cash access points in
Vietnam.
“Discover’s relationship with Smartlink captures the true
essence of our global expansion strategy, which is to leverage our
unique set of assets to grow volume and support the growth of local
leading international networks,” said Diane Offereins, President of
Payment Services at Discover. “With Vietnam poised as an emerging
market with large economic growth, we feel confident that we’ve
found a strong partner and will continue to explore additional
opportunities with Smartlink in the future.”
Mr. Dao Minh Tuan - Chairman of the Board of Smartlink Card.,
JSC said, “The strategic alliance with Discover reinforces
Smartlink's continuous efforts to diversify its card-payment
services for banks and promote Vietnam's card-payment market
development. Based on this strategic alliance, Smartlink will
provide banks an effective international connection and the
opportunity to use Discover’s payment products.”
Currently Smartlink is inter-connected with 51 banks and
financial institutions, of which 40 banks are Smartlink members. It
is a leading Network with more than 16,000 ATMs and 100,000
point-of-sale terminals, which supports payment activities for 55
million local debit cards in market. During the first nine months
of 2013, Smartlink processed more than 70 million transactions,
valued at 2.7 billion USD.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers home loans, private student loans, personal
loans, home equity loans, checking and savings accounts,
certificates of deposit and money market accounts through its
direct banking business. It operates the Discover Network, with
millions of merchant and cash access locations; PULSE, one of the
nation's leading ATM/debit networks; and Diners Club International,
a global payments network with acceptance in more than 185
countries and territories. For more information, visit
www.discover.com/company
About Smartlink
Smartlink Card Service Joint Stock Company was founded by
Vietcombank and 15 commercial banks. Smartlink operates an
information processing system connected to 51 banks and financial
institutions; hundreds of airlines, telcos, insurances and
e-commerce enterprises in Vietnam. Smartlink supplies products and
utility payment services such as Smartlink Top-up, Smartlink Bill,
Smartlink Ecommerce, Smartlink Inter Bank Fund Transfer 24/7,
Mobile Banking, Sms Banking on electronic transaction channels i.e.
ATM, POS, mobile phone and the internet. For more information,
visit www.smartlink.com.vn
Media ContactsDiscoverKatie Allmaras,
224-405-4437katieallmaras@discover.comorSmartlink Card., JSCNguyen
Thi Hong Nhung, +84-4-3936 1818nhungnh@smartlink.com.vn
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