LPBank and Viettel Digital cooperate to launch online savings products

Keeping up with the strong trend of Open Banking, Loc Phat Bank Vietnam ( LPBank ) continues to expand its digital financial ecosystem through cooperation with Viettel Digital Services Corporation (Viettel Digital), providing customers with online savings products right on the Viettel Money application.

Open Banking is a term used to refer to a financial-banking model that allows financial institutions to flexibly connect with third-party partners to create a diverse service ecosystem that best meets customer needs. Instead of being limited to one bank, customers now have the right to proactively connect their accounts to many different applications and services, from smart spending management to investment and profitable savings. This connection not only brings maximum convenience but also creates a vibrant competitive market, motivating banks to constantly innovate and improve service quality.

LPBank is a pioneer in implementing the Open Banking model with leading fintech partners, promoting a diverse and flexible digital financial ecosystem.

As one of the pioneering banks in Vietnam in modernizing digital ecosystem technology, LPBank proactively deploys the Open Banking model with leading fintech partners. The bank also promotes the construction of a diverse and flexible digital service system, increasing the ability to connect with service providers, meeting customers' needs for service diversity, connecting anytime, anywhere with simple operations and fast processing. This demonstrates LPBank's long-term vision and commitment to innovation alongside the digital transformation process.

Aiming to provide customers with a safe and diverse digital financial ecosystem, LPBank cooperates with Viettel Digital to provide LPBank online savings feature right on the Viettel Money application. This feature will be officially deployed from October 2024, providing customers with another safe savings option with attractive interest rates and diverse terms.

Accordingly, customers can easily open LPBank's online savings account, track balance and interest rates intuitively and conveniently right on the Viettel Money application.

LPBank cooperates with Viettel Digital to provide LPBank online savings feature right on Viettel Money application.

In particular, from now until November 24, 2024, customers who successfully open a term deposit for the first time at LPBank through the Viettel Money application will receive a gift in cash and it will be transferred directly to their ViettelPay account.

Specifically, customers who deposit 10 million VND or more, with a term of 1 to 12 months, will receive a gift from the program " Save now, receive great gifts". The gift is cash equivalent to the deposit value, calculated according to the formula: gift value = deposit amount x 0.5% / 365 x actual number of deposit days of the deposit term, applied to the first time customers deposit LPBank savings on the Viettel Money application. For example, a user who deposits 10 million VND for the first time within 1 year will receive a gift of 50,000 VND. If they deposit 100 million VND within 1 year, the user will receive a gift of up to 500,000 VND in their ViettelPay account.

The strategic cooperation between LPBank and Viettel Digital not only brings optimal savings products but also opens up great potential in cooperation to provide comprehensive financial solutions for all customers. With a shared vision of a safe and advanced digital financial future for Vietnamese people, LPBank and Viettel Digital continue to cooperate closely, dedicating the best resources to develop creative digital products and services, constantly innovating with a commitment to accompany customers on every journey.

Source: https://lpbank.com.vn/tin-tuc/san-pham-tiet-kiem-online-tren-ung-dung-viettel-money/