Strategic cooperation to promote comprehensive digital transformation between TPBank and Viettel - Photo: VGP
On November 26, in Hanoi, Tien Phong Commercial Joint Stock Bank ( TPBank ) and the Military Industry - Telecommunications Group (Viettel) officially signed a Memorandum of Understanding on strategic cooperation, opening a period of comprehensive cooperation between the pioneering digital bank and one of the leading technology enterprises in Vietnam.
Within the framework of strategic cooperation, TPBank and Viettel aim to connect the power of technology to create new standards for financial and telecommunications services in Vietnam. With the DNA of a pioneering digital bank, TPBank brings to Viettel and its customer ecosystem flexible, automated financial solutions designed to operate in real time. Credit, payment, account management and digital banking services will be deployed on an open platform, allowing for fast integration, deep connection and continuous expansion through Open Banking and Embedded Banking. When synchronized with Viettel's digital ecosystem, especially Viettel Money, the financial service network will become more seamless, faster and more accessible than ever.
On the other hand, Viettel accompanies TPBank as a strategic technology partner, bringing core competencies in digital infrastructure, cloud computing, big data and artificial intelligence to jointly develop a new generation of digital banking model. The two sides will refine data-based operations, automate processes and build a technology architecture that allows for fast, secure and scalable transaction processing. At the same time, the combination of Viettel's logistics, transportation, communications and technology personnel capabilities with TPBank's digital operations platform will form a flexible, fast and scalable operating structure, creating advantages for both sides in the next growth phase.
Overview of the signing ceremony - Photo: VGP
The key highlight of the agreement is the shared vision of an open digital ecosystem - where financial services, digital utilities and telecommunications services are connected in a unified manner, bringing a "one-touch" experience to users. TPBank and Viettel will continue to research co-branded products, expanding connections to lifestyle services, bill payments, e-commerce, public services and many other fields. This partnership will not only upgrade customer experience, but also contribute to shaping a cashless payment environment, financial inclusion and paving the way for new steps in Vietnam's digital economy .
Speaking at the signing ceremony, Mr. Do Minh Phu, Chairman of the Board of Directors of TPBank, shared: This cooperation agreement opens a new model for strategic cooperation between Viettel and TPBank, when the capacities of the two organizations are connected to create greater value for the community. This is not only a combination of technology and finance, but also a meeting of common visions for a more modern and humane digital future.
"We appreciate the trust that Viettel has placed in TPBank and believe that the four core values – connectivity, creativity, sustainability and reach – will continue to guide this cooperation journey. With a pioneering spirit, we expect the partnership between the two sides to create new standards for the Vietnamese financial and telecommunications ecosystem," said Mr. Do Minh Phu.
Viettel representative, Mr. Tao Duc Thang, Chairman and General Director of the Group, commented: Viettel and TPBank are entering a new phase of meaningful cooperation, where both sides share strengths and aspirations to bring technology to serve life in the most intimate and effective way. "The complementarity between the two ecosystems from technology - telecommunications to finance - banking will open up different solutions, creating practical values for customers. Trust is the most important foundation in cooperation, and we believe that transparent and consistent companionship will bring sustainable and positive results to Vietnam's digital ecosystem," said Mr. Tao Duc Thang.
With a long-term vision and strong commitment to accompany, TPBank and Viettel expect this strategic partnership to create new steps in digital finance, expand access to modern services and promote the development of Vietnam's digital economy. The two sides also agreed on the direction of developing co-branded cards to bring different incentives and increase practical value for customers; at the same time, continue to prioritize resources, expand research on new service models and maintain extensive cooperation to bring sustainable benefits to customers, businesses and the whole society.
Mr. Minh
Source: https://baochinhphu.vn/tpbank-va-viettel-hop-tac-chien-luoc-thuc-day-chuyen-doi-so-toan-dien-102251127131039489.htm
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