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FE CREDIT launches MPLus+ card

Released at: 07:48, 13/05/2018

FE CREDIT launches MPLus+ card


Consumer finance lender releases a new digital solution for credit card delivery, allowing cardholders to conduct transactions before receiving physical cards.

by Hong Nhung

The VPBank Finance Company (FE CREDIT) recently launched the MPLus+ card, a new digital solution for credit cards. It transcends the limitation of credit cards and focuses on specific purposes.

As many customers in Vietnam have never used credit cards before, FE CREDIT acknowledges the challenges that come with it. After the card is issued, the physical card delivery may take up to 15 days, especially for customers living in the outskirts of the city. In order to solve this problem and offer more benefits to its customers, FE CREDIT presents a unique digital solution called MPlus+.

After the card is issued, information will be sent privately to the registered phone number, which allows cardholders to conduct e-commerce transactions without using cash or their own physical cards.

“As a market leader, FE CREDIT aims to become the credit card issuer of choice and MPlus+ is proof of our endeavor, “said Mr. Kalidas Ghose, CEO of FE CREDIT.

“Our objective is to create unique solutions for special problems. Nowadays, customers expect immediate satisfaction,” said Mr. Nimish Dwivedi, Director of FE CREDIT Credit Card Business Center. “MPlus+ allows cardholders to make use of the cards’ special features before actually receiving them.”

“We are delighted with the launch of the MPlus+ program, the very first digital credit cards in Vietnam,” said Mr. Arn Vogels, Country Manager and Chief Representative of Mastercard in Indochina. “Traditional credit card delivery may take a few days, but customers can now immediately make online purchases and enjoy the privileges of MasterCard with MPlus+.”

FE CREDIT early this year received a $50 million loan from Lion Asia I (RB) Limited as additional capital to continue to grow its business as the market leader in Vietnam’s consumer finance industry and to broaden its ability to meet the financial demands of millions of Vietnamese people.

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