Visa unveils Flex Credential in Vietnam, ushers in new era of payment flexibility, financial empowerment for consumers

Starting today, ACB Visa cardholders can seamlessly switch between debit and credit cards via the ACB One app, Visa said in a press release the same day.

Similarly, Visa cardholders of Vietnam International Commercial Joint Stock Bank (VIB) will soon be able to experience VIB PayFlex – developed on the Visa Flex Credential technology platform – through the MyVIB app.

By the end of 2025, additional issuers will expand Flex Credential to more Vietnamese consumers, enabling expanded use-cases.

According to Visa's latest Green Shoots Radar survey, Vietnamese consumers, especially Gen Z and Millennials, lead Southeast Asia in financial confidence and ambition.

Today's young Vietnamese are prioritizing investments in education (66 percent), healthcare (65 percent), electronics (63 percent), and travel (61 percent), showing a readiness to make big-ticket purchases and take control of their financial futures.

Visa Flex Credential is reimagining the credential for the next generation, designed to put the power of choice directly in consumers' hands at every transaction – enabling them to opt for debit on daily purchases, credit for larger expenses, or even redeeming loyalty points when checking out, whether it is for everyday essentials or a dream vacation.

"We are proud to bring this solution to Vietnam, making digital payments more accessible and contributing to Vietnam's digital and financial inclusion and overall economic growth," said Dung Dang, Visa country manager for Vietnam and Laos.