On December 25, 2019, the State Bank of Vietnam issued Circular 28/2019 / TT-NHNN on amending and supplementing a number of articles of Circular 19/2016 / TT-NHNN dated June 30, 2016 of the Governor of the State Bank of Vietnam prescribing the operation of bank cards. This Circular takes effect from April 1, 2020, and Clause 14, Article 1 of this Circular takes effect from January 1, 2020.
Accordingly, a number of provisions related to bank card users (primary and supplementary cardholders) are amended and supplemented as follows:
– For the main cardholder being an organization:
+ Organizations eligible to open payment accounts may use debit cards;
+ Organizations being legal entities established and operating legally according to Vietnamese law may use credit cards, prepaid cards;
+ Cardholder is an organization authorized in writing to individuals to use their card or to allow individuals to use supplementary cards as prescribed.
– For supplementary cardholders who are from 15 to under 18 years old do not lose or have limited civil act capacity to use debit card, credit card, prepaid card (No longer required to receive the written agreement of the legal representative).
In addition to amending and supplementing a number of regulations on subjects entitled to use cards, the Circular also amends and supplements a number of other contents of Circular 19/2016 / TT-NHNN such as the principle of card use, ensure safety in card usage, trace, and handle complaints during the card usage …