Sacombank’s card network hooked to Banknetvn, Smartlink
By Thu Thuy - The Saigon Times Daily
HCMC – Saigon Thuong Tin Commercial Bank, or Sacombank, has connected its ATM network with two other networks of Banknetvn and Smartlink in order to provide a wider ATM network to its cardholders.
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herefore, Sacombank’s cardholders now can make payment, withdraw money, keep watch of their account information, and transfer money to accounts opened at Sacombank at 4,500 ATMs and 14,000 point of sales (POS) of 38 bank members of the two card networks.
Meanwhile, card holders of bank members of Banknetvn and Smartlink can do such transactions at Sacombank’s ATMs nationwide. Sacombank now has 600 ATMs and 1,600 POS nationwide.
Vietnam National Financial Switching Joint-Stock Company, which runs the Banknetvn network, was founded in 2004 by Vietnam Data Communication Company (VDC) and seven banks including Bank for Agriculture and Rural Development of Vietnam, Bank for Investment and Development of Vietnam, VietinBank, and Asia Commercial Bank.
Smartlink Card Joint Stock Company was founded in 2007 by Vietcombank and 15 other banks. According to the company’s website, the network now has 25 bank members with four million cards issued.