The VPBiz FinanOne Mastercard is developed on a digital technology platform, allowing businesses to issue cards entirely online and use them immediately after activation. This product targets small and medium-sized enterprises (SMEs), supporting expense management, budget control, and cash flow on a single platform.

After registering for card issuance on the Finan or VPBank platform and activating it via VPBank NEOBiz, businesses can immediately use the card for domestic and international online transactions within the Mastercard acceptance network.

Representatives from VPBank, Finan, and Mastercard perform the launch ceremony for the VPBiz FinanOne Mastercard non-physical debit card. *Photo: VPBank*.

A Mastercard representative stated that globally, virtual cards are becoming the preferred payment solution for businesses due to their instant issuance capability, high security, and flexible expense control mechanisms. Beyond being just a payment method, virtual cards are evolving into a strategic solution, helping businesses monitor and manage their budgets.

A distinctive feature of the product is that from one main card, businesses can create multiple sub-cards for specific spending needs, such as digital advertising, software purchases, business travel, service payments, or project operations. Each sub-card can have spending limits, user permissions, validity periods, and can be locked or canceled at any time.

All transactions are updated in real-time, allowing businesses to monitor the budget of each department, employee, or project as soon as transactions occur, rather than waiting for reconciliation. According to the developer, this solution enhances transparency in financial management and reduces the manual workload for accounting departments.

A VPBank representative stated that businesses today need not just a payment tool, but also a solution for managing cash flow and budgets from the moment transactions occur. The VPBiz FinanOne Mastercard is the next step in their strategy to support the business community in enhancing management capabilities and digital transformation.

"Through this partnership, VPBank aims to provide business customers with a more comprehensive digital financial experience, where payments, authorization, budget control, and cash flow management are connected within a single ecosystem", a bank representative stated.

A VPBank representative speaks at the event. *Photo: VPBank*.

Speaking at the event, a Finan representative noted that with experience supporting over 800,000 business owners on the So Ban Hang (Sales Book) platform, the company recognizes that as businesses scale, their needs extend beyond sales to include cash flow management, accounts payable, documentation, and compliance. Therefore, FinanOne is designed to be an integrated financial management platform, connecting banking, payments, sales, and reporting on a single data system, while also applying artificial intelligence (AI) to automate financial operations.

"The VPBiz FinanOne Mastercard integrates business payment controls technology, enabling businesses to authorize spending by individual employees, departments, or projects, while also controlling limits and transactions in real-time. This allows SMEs to operate transparently and confidently grow without sacrificing speed or risking exposure", a Finan representative shared.

To mark its launch, the VPBiz FinanOne Mastercard offers a lifetime annual fee waiver and 1% cashback on transactions for advertising, restaurants, hotels, airline tickets, and golf; 0.5% cashback on other spending categories, up to 2,5 million dong per card per month.

With the message "Unlocking the Digital Ecosystem – Controlling Expenses, Optimizing Operations", the three entities anticipate the VPBiz FinanOne Mastercard will become a powerful tool for businesses, especially small and medium-sized enterprises, in enhancing financial management capabilities and fostering sustainable growth.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) is one of Vietnam's leading joint stock commercial banks, providing comprehensive financial and digital banking solutions for individual and business customers.

Finan Company Limited is a provider of business management ecosystems and financial solutions in Vietnam, notably with its So Ban Hang (Sales Book) application, trusted by over 800,000 business owners.

Mastercard is a global payment technology company, connecting consumers, businesses, financial institutions, and governments in over 200 countries and territories through a secure, smart, and modern payment network.

(Source: VPBank)