Case Study: FE CREDIT achieves rapid credit-card launch and market-leading portfolio growth with Fiserv's FirstVision

FE CREDIT Leads the Way in Consumer Finance with FirstVision

FE CREDIT, Vietnam’s largest consumer finance company serving more than 13 million customers, needed a trusted payments partner after receiving a credit card issuing license so it could be the first consumer finance firm in the country to offer credit cards. To support a rapid, secure launch and future scale across products and markets, FE CREDIT engaged Fiserv and its FirstVision issuer-processing solution.

Fiserv implemented FirstVision as an outsourced, PCI DSS‑compliant issuer-processing platform that supports multi‑product, multi‑currency and multi‑language operations. The solution enabled FE CREDIT to launch its card program within months, expand offerings (credit, debit and loans-on-card), grow the portfolio to nearly 3 million cards issued since launch and average about 37,200 cards issued per month, driving revenue growth and faster time to market.

FE CREDIT

Nguyen Ngoc Tran

Chief Information Officer