The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has recently been honoured at four categories of the multinational financial services corporation Visa Inc.

The bank was named the Leadership in Payment Volume, Leadership in Debit Payment Volume, Leadership in Merchant Sales Volume, and Leadership in Contactless Active Terminals Penetration in 2020.

Vietcombank Deputy General Director Nguyen Thi Kim Oanh said despite challenges for the economy and the banking sector in particular brought by the COVID-19 pandemic, Vietcombank has bolstered the application of contactless technology and taken the initiative in expanding its partnership with merchants accepting one-touch payment option, among others.

Visa assesses its global clients by eligibility requirements and recognises the highest-performing banks in each key area.

Recently, the lender was presented with the outstanding digital banking transformation bank award in 2020.

In July, it launched its digital bank service, VCB Digibank, which integrates the bank’s online trading platforms.