Vietnamese lender Asia Commercial Bank (ACB) has partnered with JCB International (JCBI) to introduce a new prepaid card in Vietnam.

Customers using the new ACB-JCB Prepaid Card can spend all the money in their card account without any minimum deposit requirement. Cardholders can receive free ATM assault insurance across the globe.

Users of the new card can access the JCB acceptance network comprising nearly 29 million merchants and over one million ATMs across 190 countries and territories.

The card will be offered instantly to consumers on applying, making ACB the first bank in the country to offer instant card issuing service.

In addition, the Vietnamese lender has incorporated JCB card acceptance services at all its ATM and POS including JCB’s EMV program J/Smart.

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ACB vice president Tu Tien Phat said: "The launching of JCB prepaid card will fulfill the needs of ACB’s customers, especially young people who are looking for a convenient and easy method of payment. ACB is one of the leading retail banks in Vietnam.

"We believe that the cooperation with JCBI not only boosts ACB’s card business but also makes the JCB brand name more familiar in Vietnam."