Nov 18, 2013 (Mon): Discover Financial Services (DFS) has formed a strategic alliance with Smartlink Card., JSC, a leading domestic payments network in Vietnam to 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 Chairman of the Board of Smartlink Card., JSC Dao Minh Tuan 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.