Vietnamese consumer lender VP Bank Finance Company (FE CREDIT) has introduced a Combo Card, targeted at customers looking for consumer durable loans in Vietnam.
Dubbed Smart Plus+, the Mastercard-branded offering functions as an international credit card.
Mastercard country manager for Vietnam, Cambodia & Laos Winnie Wong said: “The partnership with FE Credit to launch the Smart Plus Combo Pack card comes at an opportune time when more and more Vietnamese are choosing cashless payment methods to make their everyday lives safer, convenient and more seamless.”
At the same time, the new proposition also facilitates conventional consumer durable loan.
FE CREDIT Credit Card Business Center director Nimish Dwivedi said: “Because customers seek Combo Packs, we have extended the concept to lending and created a unique product that enables instant cashless journeys and helps us to build enduring long term relationships with our valued customers.”
FE CREDIT offers personal and two-wheeler loans, consumer durable loans as well as credit cards. The firm has a user base of around 10 million and 8,500 partners.