Open API – Open platform for all smart integrations

05/08/2025

In the current trend, with an innovative business model, strategy, policies and a strict legal framework, VPBank has applied the Open Banking API, exploiting the potential of the digital age to bring customers the best experiences.

1. What is Open Banking API?

API ( short for Application Programming Interface) is a type of application programming interface that is publicly available and available for any developer to use, designed to allow different applications to communicate and exchange data with each other easily and securely.

With strict requirements on customer information security and system data security , banks in the past tended to be closed and not share data. However, OpenAPI is considered a development trend of open banking, helping to expand the digital ecosystem and improve customer experience while ensuring security in the digital space.

In the current trend, with an innovative business model, strategy, policies and a strict legal framework, VPBank has applied the Open Banking API, exploiting the potential of the digital age to bring customers the best experiences.

2. Customer experience is enhanced when VPBank applies Open Banking API

Applying the Open Banking API , VPBank is applying the WSO2 testing system - a system that helps establish connections between VPBank's system and external partners to bring customers convenient and safe financial product and service experiences:

- Save time: Reduce waiting time and processing procedures
- 24/7 Access: Banking services are available regardless of time and location
- Personalized experience: Recommendations and notifications tailored to individual needs
- Higher security: Reduces the risk of fraud and information theft
- Better interest rates and incentives: Thanks to reduced operating costs, banks can offer better conditions

3. VPBank applies Open Banking API to products and services:

Service	Application
Online payment application	Deploying many products that allow VPBank customers to pay periodic bills to partners through linking with customers' payment accounts
E-wallet	Provide APIs for financial technology companies (Fintech) to integrate to perform operations of linking personal e-wallets and accounts/cards, depositing and withdrawing personal wallets from linked accounts/cards
Share balance	Provide APIs for financial technology companies (Fintech) to integrate to share account balances when customers have linked e-wallets, helping customers know their balances to make payment activities.
Open a savings account	Provide APIs for financial technology companies (Fintech) to integrate so that customers can open savings accounts at VPBank on the Fintech company's application.
Payment Authorization	Providing APIs for Fintech companies integration performs authorization flow linking with customer consent to perform payment operations
Bond Trading	Providing APIs for securities companies integrated so that customers can buy and sell bonds through VPBank's application.

Despite linking and sharing information, VPBank always prioritizes and commits to ensuring the safety and security of customer information according to legal requirements in the development of Open Banking API.

For more information, please contact VPBank at Customer Care Portal https://cskh.vpbank.com.vn or hotline 1900 54 54 15 (for Standard Customers) / 1800 54 54 15 (for Priority Customers).

Source: https://www.vpbank.com.vn/tin-tuc/tin-vpbank/2025/open-api-nen-tang-mo-cho-moi-tich-hop-thong-minh