Orient Commercial Bank (OCB) and Viet Phu Payment Services Support Corporation (Mobivi) have cut a deal to introduce OCB-Mobivi domestic credit card, or Employee Credit Card (ECC).
The product designed for staff of State-owned and private companies does not require minimum incomes. Cardholders will benefit from preferential programs and services such as installment payments for shopping, interest-free cash advance and cash withdrawals at OCB’s ATM booths.
The minimum credit limits for ECC holders are 30% of net salary for government employees, 50% for mid-level government administrators and 100% for leaders of state agencies.
ECC users can use the card to pay for goods at partner stores of Mobivi from the third quarter of this year.
Dung Tan Trung, managing director of Mobivi, said enterprises and State agencies eligible for this product are those having 300 to 400 employees and stable financial status. Around 20 enterprises have been using this product since its trial launch six months ago and the enterprise looks to have 100,000 cardholders by the end of this year.