RIVERWOODS, Ill. & HANOI, Vietnam--(BUSINESS WIRE)--Nov. 14, 2013--
Discover Financial Services (DFS) and Smartlink Card., JSC, a leading
domestic payments network in Vietnam, today announced a strategic
alliance that will give Discover and Diners Club International (DCI)
cardholders the ability to use their cards at more than 16,000 ATMs in
Vietnam via a network of local commercial banks.
The long-term agreement will further increase transaction volume on the
international domestic payment network while giving Discover and DCI
cardholders more consumer cash access points in Vietnam.
“Discover’s relationship with Smartlink captures the true essence of our
global expansion strategy, which is to leverage our unique set of assets
to grow volume and support the growth of local leading international
networks,” said Diane Offereins, President of Payment Services at
Discover. “With Vietnam poised as an emerging market with large economic
growth, we feel confident that we’ve found a strong partner and will
continue to explore additional opportunities with Smartlink in the
future.”
Mr. Dao Minh Tuan - Chairman of the Board of Smartlink Card., JSC said,
“The strategic alliance with Discover reinforces Smartlink's continuous
efforts to diversify its card-payment services for banks and promote
Vietnam's card-payment market development. Based on this strategic
alliance, Smartlink will provide banks an effective international
connection and the opportunity to use Discover’s payment products.”
Currently Smartlink is inter-connected with 51 banks and financial
institutions, of which 40 banks are Smartlink members. It is a leading
Network with more than 16,000 ATMs and 100,000 point-of-sale terminals,
which supports payment activities for 55 million local debit cards in
market. During the first nine months of 2013, Smartlink processed more
than 70 million transactions, valued at 2.7 billion USD.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers home
loans, private student loans, personal loans, home equity loans,
checking and savings accounts, certificates of deposit and money market
accounts through its direct banking business. It operates the Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in more than
185 countries and territories. For more information, visit www.discover.com/company
About Smartlink
Smartlink Card Service Joint Stock Company was founded by Vietcombank
and 15 commercial banks. Smartlink operates an information processing
system connected to 51 banks and financial institutions; hundreds of
airlines, telcos, insurances and e-commerce enterprises in Vietnam.
Smartlink supplies products and utility payment services such as
Smartlink Top-up, Smartlink Bill, Smartlink Ecommerce, Smartlink Inter
Bank Fund Transfer 24/7, Mobile Banking, Sms Banking on electronic
transaction channels i.e. ATM, POS, mobile phone and the internet. For
more information, visit www.smartlink.com.vn
Source: Discover Financial Services
Media Contacts
Discover
Katie Allmaras, 224-405-4437
katieallmaras@discover.com
or
Smartlink
Card., JSC
Nguyen Thi Hong Nhung, +84-4-3936 1818
nhungnh@smartlink.com.vn