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Launching a financial store with banking standards, what does F88 plan to do?

On June 20, F88 officially launched the digital financial store 888. Notably, this store is designed like a miniature bank transaction office. Is there any hidden message behind this "launch"?

Báo Đầu tưBáo Đầu tư29/12/2024

The financial store with the number 888 is located at the G-Group building, 5 Nguyen Thi Due (Cau Giay, Hanoi ), where F88 has its headquarters. The store is designed in an open orientation, which F88 explains is to help communication between employees and customers become closer and clearer.

But what surprises many people is that this store is meticulously designed from space to interior equipment like a miniature bank branch.

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F88 store at 05 Nguyen Thi Due.

It is known that this new store will focus on three key products and services, including providing loans using car registration, providing personal insurance products and distributing basic retail banking services of the Military Commercial Joint Stock Bank (MB).

According to this representative, in the near future, if customers need to open an account, identify an account, deposit/withdraw money, pay bills... they can go to any nearest F88 store instead of going to traditional bank branches. This will bring 3 benefits to customers. They will not have to travel too far because the F88 store system is widely distributed, nor will they have to wait too long like when transacting at traditional branches and finally, F88 operates until 7:00 p.m. every day while traditional branches usually stop accepting customers at 5:00 p.m.

“Customers who do not use or are not eligible to use the MB digital banking application, are restricted by time, often leave work late, or older people who are used to direct transactions in the "see-and-go" style will benefit from this cooperation,” said a representative of F88. “It is expected that in 2025, the two sides will implement many other cooperation items, focusing on F88 providing alternative loans to customers introduced by MB.”

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The financial store with the number 888 is commented as "like a miniature bank transaction office"

"This 888 digital financial store is a milestone marking F88's continuous efforts to develop and expand its system for 5 consecutive years. It is expected that by 2026, F88 will own 1,000 stores nationwide.

In the last 6 months of 2025, we will focus on developing new products and services and optimizing the operations of existing stores. The biggest goal is to become an extension of financial institutions and banks in providing a variety of financial services to customers, especially those who do not meet banking standards," said a representative of F88 about the development plan in the coming time.

Currently, F88 is considered the leading enterprise in the field of affordable finance in Vietnam with its main products being alternative loan packages by registering motorbikes and cars. Up to now, F88 has served millions of customers. In addition to alternative loan packages, F88 also provides many other services such as insurance, bill payment and some other financial utilities. The traditional customers of this enterprise are ordinary workers, freelancers, who do not have a bank account or do not meet the conditions for using banking services.

Source: https://baodautu.vn/ra-mat-cua-hang-tai-chinh-theo-chuan-ngan-hang-f88-du-tinh-dieu-gi-d308969.html


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