Shinhan Finance cooporated with Mastercard to launch the international credit card THE FIRST

Ho Chi Minh City, August 30^th, 2022 - Shinhan Vietnam Finance Company Limited (Shinhan Finance) has co-operated with Mastercard to launch THE FIRST international credit card for Shinhan’s customers with many attractive privileges and incentives.

Accordingly, Shinhan Finance will officially become a member of Mastercard organization with an advanced and prestigious card service system that is trusted worldwide, allowing customers to pay for all transactions both domestically and internationally.

Shinhan Finance THE FIRST credit card possesses outstanding features such as: Easy to sign up via iShinhan in 5 mininutes, 1% fee – lowest fee for cash withdrawal at ATM, 0.5% unlimited reward points on every spending transaction, 0% installment interest rate, discounts up to 50% at Shinhan Zone stores, etc. Especially, for customers who need to use cash, it will be easier with the function of supporting cash withdrawal up to 100% credit card limit.

At the launch event, Mr. Lim Young Jin, President & CEO of Shinhan Card, shared: “Thanks to the experience and market understanding as well as the position of a leading multi-field finance company in Korea, Shinhan Card is providing comprehensive financial solutions to Vietnamese customers by partnering with Shinhan Bank, Shinhan Securities, and Shinhan Life to offer the most convenient integrated-products. The launch of "THE FIRST" this time will enable Vietnamese customers to experience a whole new world of “more friendly, more secured, more creative” finance. By then, it will lead to a new leap for Shinhan Finance in Vietnam.”

On this occasion, Mr. Oh TaeJoon – Shinhan Finance General Director, shared: “Following the Vietnamese government's orientation on cashless payment policy, contributing to realize the country's digital transformation strategy, Shinhan Finance cooperated with Mastercard to launch THE FIRST credit card as a useful financial solution to customers for better service experience. We look forward to continuing to bring to the Vietnamese market more outstanding products and services, so that Vietnamese people can enjoy the best life quality”.

Sharing about this partnership agreement program with Shinhan Finance, Mastercard representative, Ms. Winnie Wong, Country Manager of Vietnam, Laos and Cambodia affirms: “It is truly a remarkable milestone for both Mastercard and Shinhan Finance to celebrate our partnership for the first time in Vietnamese market. By launching this product, we affirm that we will push up the digital payments transformation process and enhance accessibility to banking and non-cash payment services for all customers”.

Mastercard values the co-operation with Shinhan Finance as it is actively bringing innovative payment solutions and technologies to all customers. In the upcoming time, Mastercard will work closely with Shinhan Finacne to create many digital projects and Digital Enablement projects for market differentiation.

“Mastercard strongly believes this partnership and together, we transform new ideas into modern digital payment solutions to enhance customer experience in different segments”, Ms. Winnie emphasized.

On the occasion of the launching event of THE FIRST credit card, Shinhan Finance customers will receive thousands of attractive incentives from the program "More purchase – More point reward” and the program "Refund annual fee promotion”. For more information about these promotion programs, please click here.

With a mission to contribute a better world through financial strength, in the long-term plan, Shinhan Finance not only develops outstanding financial solutions, diversifies product portfolio based on understanding customers but also expands customer service network with strategic partners in Vietnamese market.

Sharing the same goal of creating new experience and new values ​​for customers, Shinhan Finance and Mastercard promise to bring many optimal development solutions for consumer finance market and contribute to better Vietnamese’s life with a financially secured future.