Vietbank Digital: Towards a society without cash

Vietbank Digital is directing users to switch to a cashless payment society, while contributing to preventing the spread of the covid epidemic 19.

Exempting all registration fees, annual fees, account management fees and reducing interbank transfer fees along with contactless payment technology, Vietbank Digital is directing users to switch to a cashless payment society. It also contributes to the prevention of the spread of covid disease 19.

For an economy, a cash-free society saves a lot of national budgets in printing, tallying, transporting and preserving cash during circulation. On the other hand, non-cash payments contribute to information transparency and prevent money laundering. Besides, non-cash payments also help customers save time and effort.

Aiming at a cashless society, creating a convenient experience as well as increasing the security feature for customers. Recently, Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) strengthened to expand products and services, develop and expand the ecosystem on Vietbank Digital (Mobile Banking and Internet Banking version). Customers can now easily deposit savings, pay debt, pay bills: Electricity, water, telephone, tuition, hospital fees, pay for consumer loans, book train tickets, car tickets , airline tickets, look up customer information quickly. Along with creating experience for Vietbank users to launch payment functions via QR Code, via biometric authentication (fingerprint / Face ID) to help users make transactions quickly and securely and conveniently.

In addition, customers who experience Vietbank Digital service will be free of all registration fees, annual fees, account management fees. And from April 1, 2020, Vietbank will reduce the interbank transfer fee on Internet Bankiing and Mobile Banking from VND 11,000 to VND 2,200, applied for transactions of less than VND 2 million.

Along with the direction of the State Bank of Vietnam, converting magnetic card into CHIP / EMV card. Vietbank is one of the first banks in Vietnam to successfully implement 100% CHIP / EMV card standards, launching contactless payment via Contactless technology for domestic and international cardholders including for customers. Vietbank card issuers and customers pay at ATMs and POS machines of Vietbank.

Accompanying with customers, from now on, customers registering to issue Chip / EMV cards domestically and registering to use digital banking services of vietbank will receive many incentives and many other attractive programs. .

With the diverse ecosystem of Vietbank Digital combined with contactless payments and many fee waivers, it shows that Vietbank is striving to bring a perfect product to meet the necessary requirements to guide consumers to a cashless society.

Especially, with the increasingly complicated disease situation, Vietbank Digital’s contactless payment technology brings safety to customers and the community in limiting their contact and preventing the spread of covid disease 19.