HSBC to Expand Visa Debit Issuance in Vietnam

Visa and HSBC on November 3 announced that the companies have expanded their global relationship to include new debit card programs in a number of countries and territories throughout Asia Pacific and the Middle East including Vietnam.

 

The five-year regional agreements represent an expansion of HSBC’s current credit card issuing relationship with Visa and are the latest milestones in Visa’s efforts to combine its global brand and payments expertise with strong local marketplace knowledge and execution to help clients grow their business.

 

“This deal expands the relationship between two global leaders – HSBC and Visa – in some of the fastest-growing areas in the world,” said Hans Morris, president, Visa Inc. Under terms of the agreement for Asia Pacific, Visa will become HSBC’s exclusive partner for new consumer debit products, with HSBC issuing more than 10 million Visa debit cards in Vietnam, Australia, Brunei, India, Indonesia, Malaysia…