Partnering with NAPAS to launch DFS acceptance services

MInH nguyen

Cardholders of the global payments brand of Discover Financial Services (DFS) will be able to make payments at merchants throughout Vietnam from 22 December 2021. The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is the first member of NAPAS to enable Discover Global Network (DGN) acceptance at merchants across Vietnam.

Implementation is being conducted under the Network Alliance agreement between the National Payment Corporation of Vietnam (NAPAS) and Discover Global Network. with the successful cooperation between NAPAS and BIDV, from 22 December 2021, DFS cardholders can enjoy a hasslefree and convenient cashless payment method when travelling to Vietnam. The launch of the service is a step towards welcoming foreign tourists in Vietnam once again as the border reopens within the “new normal”.

BIDV is the first member of NAPAS to accept cards on DGN. It is now operating a wide acceptance network in Vietnam, with 2,000 ATMs and over 37,800 POS at numerous tourist attractions, shopping areas, and retailers. The successful launch is the result of fruitful and mutual collaboration between NAPAS and BIDV with the purpose of providing the best possible benefits to Vietnamese clients and corporations.

NAPAS is processing domestic transactions for International Card Schemes in Vietnam in compliance with Circular No. 19/2016/NHNN-TT and its revisions. The partnership between NAPAS and DGN with the participation of BIDV is key to enabling this important acceptance footprint in Vietnam, local law compliance, and cooperation for development with local enterprises.

DFS is an organization providing banking and payment services established in 1986. DGN, the global payments brand of Discover Financial Services, is now partnering with over 20 network alliances in markets like Turkey, Brazil, India, and South Korea. In Vietnam, DGN and NAPAS have entered into an alliance partnership that allows cardholders from Discover, Diners Club International, and other affiliate networks of DGN to access the ATM and POS systems of NAPAS members, which include Vietnamese Acquirers in Vietnam.