Smart and Secure Insurance Premium Installments Through FWD Vietnam and Visa Partnership

FWD Vietnam Life Insurance Company Limited and Visa, a global leader in digital payment technology, have officially signed a Memorandum of Understanding (MoU), marking a significant milestone in their joint mission to pioneer technology-driven insurance digitization and deliver tangible value to customers.

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Through the fusion of Visa’s cutting-edge payment technology and FWD Vietnam’s innovative life insurance solutions, this partnership introduces a transformative protection journey for Vietnamese customers: more flexible, secure, and personalized.

Customers can now pay insurance premiums using Visa cards and opt for flexible installment plans via Visa Instalment Solutions. This approach alleviates financial strain, enabling seamless insurance participation and proactive expense management.

Additionally, the Visa Offers Platform delivers real-time personalized rewards tailored to individual spending habits, enhancing engagement and amplifying the value of FWD Vietnam’s loyalty programs.

Notably, the FWD-Visa collaboration not only ensures flexibility and personalization but also elevates transaction security. Visa’s Account Name Inquiry and Credential-on-File technologies enable intelligent processing, automated payments, fraud reduction, and uninterrupted experiences, ensuring every transaction is meticulously safeguarded.

Partnering with Visa exemplifies FWD Vietnam’s commitment to leveraging advanced technology for simpler, more convenient, and modern customer experiences.

Mr. Phương Tiến Minh, CEO of FWD Vietnam, stated: “At FWD Vietnam, insurance transcends protection—it’s about fostering daily peace of mind. Our Visa partnership underscores our dedication to innovative technology for seamless, modern experiences.”

Ms. Đặng Tuyết Dung, Visa Country Manager for Vietnam and Laos, added: “Visa is committed to fostering a secure digital payment ecosystem with partners. Merging Visa’s global payment expertise with FWD Vietnam’s groundbreaking insurance solutions will expand financial inclusion and community value.”

This FWD Vietnam-Visa alliance marks a pivotal advancement in customer benefits, digital insurance growth, and cashless payments in Vietnam.

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