The Military Commercial Joint Stock Bank (MB) and Mastercard have officially announced a comprehensive strategic partnership aimed at delivering innovative payment products and solutions as well as meeting the increasing needs of customers, especially the tech-savvy and independent Generation Z.

MB and Mastercard share a longstanding relationship that dates back to their successful integration of payment acceptance and card issuance systems in 2012.

At the announcement ceremony, Mr. Vu Thanh Trung, Member of the Executive Board at MB, said that with a commitment to customer-centricity and leveraging state-of-the-art technology platforms, MB is very proud to be one of the leading banks in rapid and powerful digital transformation.

“We believe that this expanded partnership with Mastercard will allow us to continue to offer to customers more high-tech products, practical convenience, and compelling customer care initiatives,” he noted.

For her part, Ms. Winnie Wong, Country Manager of Vietnam, Laos, and Cambodia for Mastercard, emphasized that industry experts need to work closely to drive innovation and creation and to introduce more sustainable solutions to meet the growing digital needs of consumers.

This cooperation marks the next step in the strategic partnership between MB and Mastercard, allowing them to introduce more new payment solutions to Vietnamese consumers and thereby offer them a wide range of transactional choices, she added.

2022 was considered a successful and resounding year for MB’s card services, highlighted by the launch of the MB Hi Collection multi-purpose card line, which captivated the younger demographic with its diverse, eye-catching, and distinctive design.

MB is also one of the pioneers in card payment methods via mobile devices, which offers its customers secure, safe, and expeditious transactions.

Meanwhile, Mastercard’s mission is to connect and empower an inclusive digital economy that benefits everyone, regardless of their physical location, by facilitating secure, streamlined, intelligent, and accessible transactions.