With the strategic orientation: “Sharing innovation – Connecting globally – Leading digital transformation” , the event marks an important milestone in the cooperation between one of the largest state-owned banks in Vietnam and a rapidly growing fintech company in the field of retail and international payments.
According to the agreement, AppotaPay and BIDV will continue to coordinate to deploy three key payment services: support for collection via identity accounts (VA) for small traders, support for 24/7 payment and e-wallet . These solutions are currently widely applied in retail systems, agents and businesses in Hanoi and Ho Chi Minh City, contributing to increasing access to cashless payments for people and businesses.
This is a strategic move to expand digital financial services to customers who face many barriers in accessing banking infrastructure – such as small traders, individual businesses and traditional retail models.
In particular, in the next phase, the two sides agreed to prioritize the implementation of three new services: SmartPOS - payment solution at the point of sale, Cross-border and International Payment Gateway , to meet the rapidly growing demand for cross-border trade and tourism in Vietnam.
AppotaPay & BIDV at the cooperation signing ceremony. Photo: AppotaPay
Speaking at the ceremony, Mr. Dao Tuan Anh - CEO of AppotaPay shared: “We believe that the cooperation with BIDV will be an important driving force for AppotaPay to realize its goal of becoming the leading payment intermediary in Vietnam. In the upcoming development phase, we will focus on two strategic pillars: POS products (including SmartPOS and SoftPOS) and cross-border payments - potential areas that play a key role in the digital payment ecosystem in Vietnam.”
With the support of BIDV, Mr. Dao Tuan Anh expects AppotaPay to grow 6 times in the next two years, especially through the implementation of strategic services such as: SmartPOS - payment solution at the point of sale for retail chains, supermarkets, F&B - and SoftPOS , targeting small stores, mobile carts and mobile sales teams thanks to the advantage of not needing to invest in fixed equipment.
In addition, AppotaPay also wishes to expand cooperation with BIDV in a number of potential areas such as: establishing a cross-border payment corridor to Thailand, Laos, Cambodia and China - serving international tourism and trade; developing an international payment gateway to support merchants in accessing loans from BIDV; at the same time, expanding the network of payment acceptance points at home and abroad, combining the implementation of co-branded marketing campaigns to increase market presence.
BIDV representative speaking at the cooperation signing ceremony. Photo: AppotaPay
On behalf of BIDV, Mr. Vu Hoang Duong - Director of Transaction Office 1 highly appreciated the role of AppotaPay in developing payment solutions suitable for the SME market and business households:
“In the comprehensive financial strategy, banks are the bridge and technology is the catalyst. The combination of AppotaPay's flexible technology platform and BIDV's strong financial network will open up a comprehensive payment ecosystem, helping small businesses easily access financial resources, while promoting the speed of digitalization of the economy.”
AppotaPay representatives at the cooperation signing ceremony. Photo: AppotaPay
Sharing about the cooperation orientation, Ms. Nguyen Thi Yen - Sales Director of the Northern region of AppotaPay said that the two sides are actively synchronizing infrastructure and implementation processes in many provinces and cities, especially prioritizing areas with high density of traditional retail.
“In the next quarter, we aim to expand SmartPOS services to retail chains, mobile vehicle systems and stores serving international tourists. At the same time, Cross-border services and International Payment Gateways are also being prioritized for research to support transactions for export businesses, e-commerce and the tourism industry ,” Ms. Yen added.
The cooperation event between AppotaPay and BIDV marks an important milestone in the effort to promote financial inclusion, towards building a flexible, efficient and accessible payment ecosystem for Vietnamese businesses on the path of digitalization and global expansion.
AppotaPay was established on December 1, 2015, is an electronic payment solution provider under Appota Group, owning an ecosystem of more than 55 million users in the digital entertainment sector. The company currently serves more than 6 million individual users and 500 corporate customers, with core products: payment gateway, SmartPOS, SoftPOS, collection/payment solutions, e-wallet, cross border,... |
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Source: https://daibieunhandan.vn/appotapay-cung-bidv-thuc-day-thanh-toan-khong-tien-mat-cho-nguoi-dan-va-doanh-nghiep-10371241.html
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