Mekong Housing Bank (MHB) – MHB connected to Banknetvn Switching System

On April 3rd 2008, in Ho Chi Minh City, Mekong Housing Bank’s Card system has been officially connected to Banknetvn Switching System.

Together with Vietnam bank for Agriculture and Rural Development – Agribank, Vietnam Bank for Investment and Development of Vietnam – BIDV, Vietnam Industrial Bank –Vietinbank, Saigonbank, and An Binh Joint Stock Bank – AB Bank, MHB is the sixth bank participating in Banknetvn Switching System and is the fourth State-owned commercial bank among five State-owned commercial banks having card system in Vietnam connected to Banknetvn. With this connection, all payment cards bearing MHB e-cash brand name, since April 3rd 2008 can be accepted at any ATM/POS bearing Banknetvn logo in the nationwide. Those utilities/services that MHB e-cash cardholders can be supported at ATM of Banknetvn’s members bank includes: Cash withdrawal, Balance inquiry, Funds transfer (for cards issued by the same bank), Mini Statement. Utilities supported on POS includes: Purchase, Cash advance and Balance inquiry.

The connection of MHB’s Card System to Banknetvn is one of activities welcoming the 10th anniversary of MHB foundation. It is also an effort of MHB following the connection to VNBS system in order to provide MHB e-cash cardholders with more and more services enabling the bank’s cardholders to use their cards at 3,500 ATMs and 10,000 POS of all member banks of Banknetvn and VNBC in the whole country. MHB, in this year, is also accepted by VISA and it is under process of connecting to VISA to provide international card services for local and international cardholders.

 With the advantage of having a wide network of ATM/POS spreading nationwide, Banknetvn Switching System will maximum the convenience and utilities for cardholders in payment: instead of using at ATM terminals of a certain Issuer, customers can use their cards at any card acceptance terminals of Banknetvn’s member banks. The connection is the fruit of a strive effort of MBH as well as Banknetvn in the realization of MHB’s development orientations and the general guidance of Vietnam’s government in developing payment methods without using cash in Vietnam in the years to come.

 Additional information on MHB and MHB e-cash card:

 After 10 years of operation, MHB has developed its network broadly with more than 160 branches and trading offices in 34 provinces and cities in the nationwide from Lang Son to island district of Phu Quoc (Kien Giang province). Rank 7th in terms of total assets; 4th -5th in terms of number of branches in Vietnam’s commercial banking system, and is one of banks having fastest and most secured development growth in the whole country.

 Local card brand: with such utilities as:

•  Cash withdrawal at more than 3,500 ATMs and 10,000 POS in the nationwide (including ATMs of MHB and of Banknetvn’s member banks such as: Agribank, BIDV, Vietinbank, SGB and ABBank and of VNBC).

• Funds transfer, salary transfer via card account.

• Balance inquiry and Mini statement.

• Deposit cash into card account at MHB’s ATMs.

• Overdraft (up to 200,000,000 Vietnam Dong).

 Promotions: from March 17th to July 17th 2008; preferential card account open fee for all MHB’s customers in the whole nation and interesting gifts for corporate signing salary transfer contract.

April 8th 2008

Written by: Phạm Phương Nga