RIVERWOODS -- Discover Financial Services subsidiary DFS Services LLC has formed a strategic alliance with National Payments Corporation of Vietnam to allow acceptance of NAPAS Global Cards outside of Vietnam on the Discover Global Network, which includes Discover Network, Diners Club International and PULSE.
The agreement also opens acceptance for Discover, Diners Club and affiliate network cards on NAPAS network in Vietnam.
The Discover Global Network includes 42 million merchant acceptance locations and over 1.9 million ATM cash access locations across 185 countries and territories. The network includes alliance partnerships in China, Europe, India, Japan, the Middle East, Puerto Rico, Serbia, South Korea and Turkey, among others.
NAPAS, owned by the State Bank of Vietnam and major banks in Vietnam, operates and manages an interbank connection system for its 46 member banks in Vietnam. This strategic alliance will expand its card payment services and gain global acceptance while maintaining its newly established NAPAS card brand.
The agreement also allows for the member banks to begin issuing NAPAS Global Cards as part of Discover's Global card program. The cards will be issued by NAPAS and run on their network domestically, while Discover Global Network will be enabling global acceptance for the card.