Eximbank made the announcement in Ho Chi Minh City on March 8, saying it was the first bank in Vietnam to join such a network.

GlobePass membership will allow Eximbank to offer customers high-class financial services and more utilities and help the government achieve the goal of phasing out payments in cash. The bank is now able to provide discount programmes among Vietnamese institutions that accept credit cards.

The credit-card holders of GlobePass will have privileges such as discounts, coupons, and gifts at the alliance network’s 277 merchants in 11 countries and territories in the Asia-Pacific region, including Japan, the Republic of Korea, Malaysia, China, Hong Kong, Taiwan, Thailand and Indonesia.

GlobePass, which now has over 100 million cardholders with cards issued from 12 member banks in the above countries and territories, aims to boost cooperation among global financial institutions.