MB Shinsei (Mcredit) and JCB International have jointly announced the launch of their Mcredit JCB Credit Card in Vietnam. As reported, the Mcredit JCB Credit Card is the first JCB card in the country introduced in association with a finance company. The card is available in gold and standard variants, according to sources.
For the uninitiated, MB Shinsei Finance is a joint venture with majority stake held by Shinsei Bank and Military Commercial Joint Stock Bank. As a member of the Military Commercial Joint Stock Bank, the Vietnam-based Mcredit has obtained the support of a network of collaborations, customer relations systems, and service points. The company has also received advanced service model for consumers via its association with Shinsei Bank.
As part of the collaboration, the Mcredit JCB cardholders will gain access to JCB acceptance network that comprises approximately 34 million merchants and over a million ATMs at the global level. The new card has 3-D Secure technology and an EMVCo standard chip for secure payments.
While the chief objective of Mcredit is to facilitate the optimization of processes and operational efficiency, users of the card will be entitled to additional features and benefits, including a low withdrawal fee of 1.5 per cent in addition to JCB PLAZA in various places. Members of the card will also get zero interest installment at over 40,000 online and offline merchants in Vietnam.
Sources state that the Vietnam Bank for Agriculture and Rural Development have recently initiated a partnership with JCB planning to roll out new co-branded debit and credit cards. The Agribank JCB Ultimate cards are the top line of payment cards provided by JCB, cite sources. JCB, 7-Eleven, and Viet Capital Bank have also joined forces in the previous month, intending to introduce the Viet Capital Bank JCB 7-Eleven credit card, reportedly the first card to be rolled out by a Vietnamese convenience store.