MSB and Baokim cooperate to promote cross-border payments

Vietnam Maritime Commercial Joint Stock Bank (MSB) and Bao Kim E-commerce Joint Stock Company (Baokim) announced the signing of a memorandum of understanding to promote non-cash payments and cross-border payments, responding to the globalization trend in the financial sector. In the context of an increasingly developing digital economy , non-cash payments have become an inevitable trend, receiving encouragement from authorities and support from consumers. In particular, with the promulgation of Decree 52/2024/ND-CP, a solid legal corridor has been created for international payment activities, opening up cooperation opportunities for major partners around the world. Grasping that trend, MSB has joined hands with Baokim - the first payment intermediary in the Vietnamese e-commerce market, to promote non-cash payments and expand cross-border payments. Through the memorandum of understanding, MSB and Baokim will provide payment solutions, payment infrastructure and other products and services to partners and/or customers; at the same time, introduce each party's digital products and services to customers of the partners who have a need to use them. The two parties are committed to building and developing a safe, fast and efficient payment system, providing maximum support for customers in the cross-border e-commerce group and global payment service businesses. "The cooperation between MSB and Baokim is a combination of strengths, leveraging the technology and resources of both parties to bring the best experiences to customers through integrated payment solutions, helping customers easily make transactions, manage finances and enjoy the most convenient services", Mr. Nguyen The Minh - Deputy General Director of MSB emphasized. Speaking at the signing ceremony, Mr. Truong Duc Thuan, Director of Baokim affirmed: “MSB is an important strategic partner in promoting cashless payments in Vietnam of Baokim. We believe that through this cooperation, the two sides can make strong strides in the field of international payments and provide the most optimal solutions for customers.” In addition, MSB and Baokim expect that this cooperation will not only stop at developing payment solutions but also aim to create a smart and sustainable payment ecosystem, bringing practical benefits to both businesses and consumers. Based on extensive experience in implementing financial products and services, the cooperation between MSB and e-commerce partners not only increases business expansion opportunities but also helps businesses easily access convenient financial solutions, accompanying sustainable growth. For information on solutions for businesses, please see here or contact hotline 18006260. REFERENCE INFORMATION About MSB Established in 1991, after nearly 33 years of formation and development, MSB has continuously grown, creating many important milestones in the banking and finance industry. MSB currently has over 260 branches and transaction offices nationwide and has transactions with more than 500 correspondent banks in over 60 countries and territories. MSB currently has more than 6,000 employees, serving more than 5.4 million individual customers and nearly 100,000 corporate customers. About Baokim As one of the first licensed payment intermediary companies in Vietnam, Bao Kim E-commerce Joint Stock Company (Baokim) has a vision to be a pioneer in researching and implementing new payment solution models. We continuously improve our products and services, meeting the comprehensive payment needs of hundreds of thousands of businesses and tens of millions of Vietnamese people, contributing to strongly promoting digital transformation and cashless payments in many industries. Source: https://www.msb.com.vn/vi/w/msb-bao-kim-hop-tac-thuc-day-thanh-toan-xuyen-bien-gioi