International Card Organization Honors Sacombank for Digital Payment Development Excellence

This marks the third prestigious recognition for Sacombank in Q4 this year, solidifying its leadership in digital transformation within Vietnam’s banking sector and expanding its modern payment ecosystem.

Specifically, the “Leading Institution in Debit Card Spending Growth” award highlights Sacombank’s pivotal role in driving transaction volumes through effective sales strategies, attractive promotions, a diverse ecosystem, and streamlined card issuance processes. Additionally, Sacombank was honored with the “Leading Institution in Debit Card Portfolio Growth and Efficiency” award, showcasing its exceptional capability in managing and diversifying card offerings tailored to customer spending behaviors. Currently, Sacombank’s Mastercard portfolio spans premium segments like the Sacombank World Mastercard, mass-market options such as the Sacombank Mastercard Credit/Debit Card, and innovative solutions like the Sacombank Mastercard Only One, which integrates debit and credit functionalities on a single chip. This ensures customers can select cards with features perfectly aligned to their needs, delivering unparalleled personalization.

Notably, the “Outstanding Public Transport Payment Solution” award underscores Sacombank’s robust technical expertise, rapid execution, and proactive customer engagement, positioning it as a key partner in Ho Chi Minh City’s smart urban infrastructure development. As Vietnam’s first bank to implement an open-loop payment system across all urban transport modes (metro, buses, river buses), Sacombank has significantly reduced access barriers and user apprehension, offering passengers a seamless, secure, and efficient payment experience. Furthermore, the Sacombank Mastercard Multipass and Sacombank Mastercard Metro Pass, launched in collaboration with the Department of Construction and Mastercard, provide customers with additional payment options, transforming public transit into a more engaging and convenient journey.

Securing three Mastercard awards simultaneously not only reflects international validation of Sacombank’s achievements but also reinforces its strategic commitment to digital innovation, enhanced user experiences, and promoting convenient payment trends within the community. Moving forward, Sacombank will continue investing in technological infrastructure, elevating service standards, and deploying cutting-edge payment solutions to contribute to Vietnam’s digital economy and smart city initiatives.