Shinhan Finance honored by Mastercard in the Award Category “Credit Growth Catalyst 2024”

Within the “Vietnam Appreciation Dinner 2024 – Together in Harmony” held in Hanoi on December 11, 2024, MasterCard—the world’s leading digital payment technology company headquartered in New York, USA—honored Shinhan Vietnam Finance Company Limited (Shinhan Finance) with the award “Credit Growth Catalyst 2024”.

As one of Mastercard’s strategic partners in developing Vietnam’s financial market, Shinhan Finance has actively contributed to advancing MasterCard’s payment solutions.

Specifically, since its launch in August 2022, the Shinhan Finance Mastercard THE FIRST credit card (referred to as “THE FIRST credit card”) has made a significant mark in Vietnam’s market with impressive numbers. In 2024, the number of card along with total spending through THE FIRST credit card growth impressively over 150% versus previous year.

With THE FIRST credit card, customers enjoy numerous benefits and features, including a first-year annual fee waiver, discounts of up to 50% at over 150 partner stores within the Shinhan Zone network, and easy 0% interest installment payments,... Particularly, from January 27, 2024, Shinhan Finance introduced a flexible cash withdrawal feature for the virtual version of THE FIRST credit card via the iShinhan app, allowing customers to generate cash withdrawal codes. This feature enables fee-free cash withdrawals of up to 100% of the credit limit at VPBank branches nationwide.

This award reaffirms Shinhan Finance’s effective strategies for credit card growth. Through continuous technological innovation, Company remains committed to delivering exceptional spending experiences for customers while contributing to promoting cashless payment trends in Vietnam.

By actively expanding connections with leading and reputable partners, Shinhan Finance brings attractive offers to customers using THE FIRST credit card:

• Special Holiday Offer: Discount of 2 Million VND when purchasing iPhone 16 with Shinhan Finance
• Unlock special deal Shopee with THE FIRST credit card

With a vision for long-term and sustainable development, Shinhan Finance will soon introduce superior products and services to the Vietnamese market. Through these efforts, Company aims to enhance quality of life, create positive value, and contribute to building a more prosperous future for the people of Vietnam.