Business Daily Media

Men's Weekly

.

Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers

  • Vietnam leads Southeast Asia in financial confidence and readiness for major purchases, Visa survey
  • With Visa Flex Credential, consumers can seamlessly choose how they pay, via credit, debit, and more, all on a single credential, redefining the future of payments

HCMC, VIETNAM - Media OutReach Newswire - 17 June 2025 - Visa (NYSE: V), a global leader in digital payments, announced the launch of Visa Flex Credential, offering new ways for consumers to manage and spend their money, with Asia Commercial Joint Stock Bank (ACB) becoming the first bank in Vietnam – and Southeast Asia – to offer this feature.

Starting today, ACB Visa cardholders can seamless switch between debit and credit cards via the ACB One app. Similarly, Visa cardholders of Vietnam International Commercial Joint Stock Bank (VIB) will soon be able to experience VIB PayFlex – developed on the Visa Flex Credential technology platform – through the MyVIB app. By the end of 2025, additional issuers will expand Flex Credential to more Vietnamese consumers, enabling expanded use-cases.

According to Visa's latest Green Shoots Radar survey[1], Vietnamese consumers, especially Gen Z and Millennials, lead Southeast Asia in financial confidence and ambition. Today's young Vietnamese are prioritising investments in education (66%), healthcare (65%), electronics (63%), and travel (61%), showing a readiness to make big-ticket purchases and take control of their financial futures.

Visa Flex Credential is reimagining the credential for the next generation, designed to put the power of choice directly in consumers' hands at every transaction – enabling them to opt for debit on daily purchases, credit for larger expenses, or even redeeming loyalty points when checking out, whether it's for everyday essentials or a dream vacation.

"Visa is committed to empowering consumers with innovative solutions that put them in control of their financial future. Flex Credential is Visa's breakthrough solution that enables the integration of multiple funding sources through a single card credential, providing cardholders with maximum flexibility to efficiently manage and utilize their payment forms. In specific markets such as the U.S. and UAE, Visa Flex Credential allows cardholders to choose to pay now or pay over time directly from the app, as well as access multiple currency accounts through a single credential – making cross-border payments simple and seamless. We are proud to bring this solution to Vietnam, making digital payments more accessible and contributing to Vietnam's digital and financial inclusion and overall economic growth," said Ms. Dung Dang, Visa Country Manager for Vietnam & Laos.

Mr. Nguyen Tam Khoa, Deputy Head of Consumer Division at ACB, shared: "The Flex Credential truly speaks for itself, elevating the customer experience to a new level. While there are quite a few similar solutions in the market, the Flex Credential stands out by meeting all customer needs, such as flexible payment source selection, a variety of transaction methods from offline to online, and the ability to choose from a wide range of suitable offers, all while ensuring independent, clear, and transparent spending management for each card."

Visa first launched Flex in partnership with Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card Company (SMCC), known as Olive, two years ago in Japan. Today, more than 5 million Olive account holders are benefitting from the Visa Flex Credential. The Olive card continues to outperform, with cardholder transactions averaging 40% higher than the national average in Japan over the past year. Visa and SMCC have expanded the Visa Flex Credential to support small businesses with the flexibility to switch between business and personal accounts using the same Olive card, enhancing access to credit and cash flow management.

Key features of Visa Flex Credential:

  • Customisable payment options: Switch effortlessly between payment modes, such as debit, credit, prepaid, loyalty points etc. to suit different spending needs and having one credential for life.
  • Advanced security protocols: Benefit from Visa's latest security technologies to stay protected against fraud.
  • Personalised insights and control: Use AI-driven insights to better manage your finances and spending habits.
  • Unified payment experience: Manage all your financial transactions through a single, easy-to-use platform.
Visa and ACB are proud partners of Cashless Day 2025, demonstrating their commitment to promoting digital payment solutions in Vietnam. This collaboration further highlights their shared vision of fostering economic empowerment through innovative technology.



[1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old.

Hashtag: #Visa #VisaFlexCredential #DigitalEconomy

The issuer is solely responsible for the content of this announcement.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at .

News from Asia

Apical Joins Industry Leaders to Launch Aceh Sustainable Palm Oil Working Group

SINGAPORE - Media OutReach Newswire - 25 September 2025 - Apical joins leading industry players and Yayasan Inisiatif Dagang Hijau (YIDH), the local foundation established by IDH – The Sustainable...

Siam Paragon Bangkok Watch Week 2025 Opens with a Historic Celebration

Founders and top executives from the world’s leading luxury watch brands united for an unprecedented evening celebrating horological culture, the largest luxury watch event in Southeast Asia. BANG...

Huawei Releases the ISP/MSP Business Success Driven by RAMS White Paper

SHANGHAI, CHINA - Media OutReach Newswire - 25 September 2025 - During HUAWEI CONNECT 2025, Huawei released the ISP/MSP Business Success Driven by RAMS White Paper at the summit themed "Powering ...

VinFast and MUFG Bank partner up over a $100 million Green Loan facility

SINGAPORE - Media OutReach Newswire - 25 September 2025 - VinFast has secured a USD 100 million Green Loan facility from MUFG Bank, Ltd., to be used for VinFast's development and international ex...

COCOSPACE to Host First Soundproofing Consultation & Experience Event in Singapore

Japan’s Leading Soundproofing Items Make Their Debut in Singapore SINGAPORE - Media OutReach Newswire - 24 September 2025 - Pialiving Co., Ltd. (Headquarters: Fukuoka, Japan; CEO: Fusako Muromizu)...

Tenchijin's "KnoWaterleak" and AISIN's "Michi-log" Announcing Collaboration on Japan's First Pilot Project for Integrated Road and Water Infrastructure Management in Iwata City

Collaboration between Satellite Data and In-Vehicle AI, Looking Toward Global Expansion SHIZUOKA, JAPAN - Media OutReach Newswire - 25 September 2025 - Tenchijin Inc., a space-tech innovator revol...

AS Watson Celebrates World Pharmacists Day

Honouring Over 3,000 Pharmacists and Nearly 10,000 Health Professionals Worldwide HONG KONG SAR - Media OutReach Newswire - 25 September 2025 - On World Pharmacists Day, AS Watson proudly celebra...

#AyamBersamaMu: Ayam Brand™ and Sunway XFarms Join Forces to Empower Children with Nutrition and Real-World Learning

The collaboration combines hands-on learning for children with nationwide food aid distribution to over 1,000 underprivileged individuals. KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 25 Sep...

Yuno Accelerates Global Growth with APAC Expansion Across China and Singapore

With Singapore as its regional headquarters in APAC and new operations in China, the payments orchestrator is simplifying cross-border commerce for global merchants.

Huawei Releases Global Digitalization and Intelligence Index Report for the Power Industry to Boost Electric Power Intelligence

SHANGHAI, CHINA - Media OutReach Newswire - 25 September 2025 - At the Huawei Global Electric Power Summit held during HUAWEI CONNECT 2025, Huawei released the Global Digitalization and Intellige...

Samsara Eco appoints Dr. Lars Kissau as General Manager for Asia

Australian biotech innovator Samsara Eco has announced the appointment of Dr Lars Kissau as its first General Manager of Asia. Based in Singapore...

From the first bounce to the final siren - small business lessons from the AFL Grand Final

The AFL Grand Final is one of the most anticipated days on the sporting calendar. This Saturday, the Geelong Cats and Brisbane Lions will battle i...

Australia’s top finance leaders recognised as CFO role expands

Amid surging regulatory demands and rapidly evolving industry, Australia’s most influential Chief Financial Officers will be honoured at the inaug...

Why outdated security leaves small businesses exposed to crime

Small and medium businesses in Australia are under increasing pressure to address security gaps that criminals readily exploit. An unlocked door, an...

Why it’s time telcos rethink location and put customer experience first

Maurice Zicman, Vice President - CX Strategy at TP in Australia unpacks why the telco industry must rethink old assumptions and focus on digital-f...

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

Sell by LayBy