E-commerce platform Shopee, VPBank and Visa have launched their first co-branded credit card with an eye on the fast-growing online market.

Shopee, Visa and VPBank launch their first co-branded credit card in HCM City on September 28 (Photo: VNA)

Tran Tuan Anh, CEO of Shopee Vietnam, said: “The partnership between Shopee, VPBank and Visa will strengthen our eco-system and cater to our ever-increasing and diverse user base.

“We have seen rapid and constant growth in Vietnam’s e-commerce, and Shopee wants to provide shoppers and merchants with greater value, convenience and security with these co-branded credit cards.”

The card offers privileges such as a full year of free shipping, up to 10 percent cashback, online gifts, and advanced digital experiences, Shopee said in a release.

In the last few months it said it had seen an increase in online shopping as Vietnamese turned to e-commerce as a one-stop access to everyday needs.

Besides, the adoption of cashless payments is growing as consumers value speed and safety, it said.

Dang Tuyet Dung, Visa country manager for Viet Nam and Laos, said: “As the nation continues to see rapid growth in online shopping, we look forward to introducing … digital solutions that best meet the evolving lifestyles of Vietnamese consumers.”

Applicants can directly register on the Shopee site and get pre-approved cards with a credit limit of up to 20 million VND that are immediately activated.

Source: VNA