VNPAY- Prime Minister Pham Minh Chinh visits and experiences VNPAY’s electronic payment booth

On behalf of a member of VNPAY, CAMBOPAY is pleased to announce that:

On 4/8, at the digital transformation event of the banking industry organized by the State Bank of Vietnam (SBV), Prime Minister Pham Minh Chinh and leaders of the State Bank of Vietnam, ministries, and departments visited, experienced, and shared at the booth of Vietnam’s leading fintech – VNPAY.

The digital transformation event of the banking industry aims to promote the implementation of technology application solutions, implement digital transformation tasks in the banking industry, and contribute to the implementation of the national digital transformation program.

Spoken at the event, Prime Minister Pham Minh Chinh said that digital transformation is an inevitable trend and a mandatory requirement for us. That process is going strongly and extensively. Digital transformation helps to effectively solve the relationship between the state, the market, and society to promote economic growth, improve labor productivity, competitiveness, production and business efficiency, reduce costs for people and businesses, and help all levels and industries improve their management and administration capacity.

The head of the Government emphasized that the event “Digital Transformation Day” in the banking sector shows the efforts of the State Bank of Vietnam. The strong response of credit institutions, payment intermediaries, people, and the business community; At the same time, it shows the initial achievements in digital transformation that are very respectable to the industry.

Prime Minister Pham Minh Chinh visited VNPAY’s booth.

Within the framework of the event, Prime Minister Pham Minh Chinh and delegates spent time visiting the exhibition of typical products and services on the application of science and technology and digital transformation of the banking industry.

At VNPAY’s booth, the Prime Minister experienced cashless payment solutions and encouraged and appreciated VNPAY’s efforts in supporting digitally​ the bank to transform and develop a comprehensive payment ecosystem. Thereby, the Prime Minister also expressed his desire that VNPAY will be developing further in the coming time so that cashless payments are increasingly popular with people in all regions of the country.

On the representative side of VNPAY, Mr. Nguyen Tuan Luong – Vice Chairman of VNPAY’s Board of Directors was honored to welcome the Prime Minister and introduce the payment ecosystem developed by VNPAY.

Mr. Luong said that VNPAY has invested in research and pioneered in the application of new technologies to meet the different needs and orientations of banks, accompanying the bank throughout the cooperation process and continuously improving the quality of products and services to serve customers.

Payment ecosystem on Agribank-E Mobile Banking application

VNPAY currently cooperated with more than 40 banks in Vietnam such as Vietcombank, BIDV, VietinBank, Agribank, etc. To develop a banking application with a comprehensive ecosystem to help customers conveniently transact from account management, 24/7 money transfer, online savings deposit, utility bill payment, internet, television, book flights, hotel rooms, cars, trains, flowers, football, golf, movie tickets, online shopping VnShop…

Previously, Deputy Governor of the SBV Pham Tien Dung also affirmed that developing digital banking models, and increasing utilities and experience for customers is the goal of digital transformation of the banking industry to 2025 and orientation to 2030. The specific goal set by 2025 is that 50% of banking operations allow customers to perform entirely on digital channels; 50% of adults use electronic payment services; 50% of loan disbursement decisions of commercial banks and financial companies for retail individuals loan are digitized …

Users prefer VNPAY-QR payment

VNPAY is also known as the unit that owns the largest VNPAY-QR payment network in Vietnam with more than 200,000 acceptance points and appears in many different business fields from restaurants, cafés, supermarkets, health, education, transportation … making it easy for people to access.

In particular, recently VNPAY impressed the e-wallet market with VNPAY – Wallet for families – first appeared in Vietnam allowing users from VNPAY Wallet to open family wallets, grant limits, and manage to spend and jointly use utilities in the VNPAY ecosystem with relatives. Family wallets also own a diverse payment ecosystem that fully meets customer needs.

With the goal of simplifying daily transaction needs, VNPAY’s payment ecosystem helps users experience financial services in a friendly, fast, and safe way, thereby maximizing efficiency in changing consumer habits and behaviors of many users.

Source: PV/VOV. Vn


Date: 09/08/2022