August 16, 2024
With a variety of payment solutions for small and medium enterprises, VPBank has surpassed many candidates to win the prestigious award Best Online Payment Services Banking in Vietnam - The best online payment service provider in Vietnam in 2024 awarded by International Finance Magazine.
International Finance Magazine (IFM) evaluates the award criteria based on the diversity, superiority and stability of payment solutions that VPBank provides to small and medium-sized enterprises (SMEs). With a wide range of services from cards to POS, payment gateways, etc., VPBankSME can meet diverse needs and suit all business models of enterprises.
Leading the trend of corporate cards, VPBank has launched the VPBiz card line to help businesses increase capital strength and manage cash flow effectively, transparently for all spending, and optimize operating costs. In addition to attractive refund policies, high card limits and preferential interest installments, VPBiz cards also bring other special benefits to corporate customers such as free airport lounge service experience, Fast Track, Green Fee incentives at golf courses in Vietnam...
With the effort to digitize the card opening process for businesses and bring optimal products to customers, VPBankSME was awarded 2 awards by Mastercard in December 2023: Leading Bank in Corporate Card Growth Rate and Pioneer Bank in Payment Code Solution - ICCP. As of November 2023, the total number of newly opened corporate cards at VPBank has increased 6 times compared to the same period in 2022 with an activation rate of up to 90%.
Regarding payment solutions, in addition to POS and smartPOS services, VPBank has launched VPBank Tap2Phone (T2P) - a solution that allows businesses, stores and business households to use Android mobile devices as card payment acceptance devices instead of traditional POS and smartPOS machines. The product accepts a variety of cashless payment methods from physical Contactless cards (Visa, MasterCard and Napas) to Tap & Pay payment suite including Apple Pay, Samsung Pay, Google Pay, Garmin Pay, along with the highest security standards. With T2P, customers can complete transactions quickly and easily integrate with existing sales management software, while being provided with full features to support transaction tracking and revenue management.
EcomPay online payment gateway is also a product designed by VPBank to support businesses to proactively integrate into the e-commerce flow, suitable for both large enterprises and SMEs with a website platform. The outstanding features of EcomPay include multi-platform API integration on app and web with a streamlined and flexible process, strict compliance with information security, super-fast transaction processing speed and optimized management features. As of April 2024, the total number of Ecompay payment gateways of VPBank customers has reached more than 1,000 gateways with transaction turnover of nearly 14 trillion VND. VPBank is also the pioneer in Vietnam to launch the ICCP payment code solution product - a powerful assistant to help businesses operate and manage cash flow through each identification code according to the number of uses, industry limits and validity period, thereby improving security in online payments and effectively controlling the purpose of use.
In addition to self-developed services, most recently, the one-touch payment system using EMV Contactless cards for public transport, developed and deployed jointly by OneFin, MasterCard and VPBank, has been piloted on the bus and tram system in Ho Chi Minh City, allowing customers to pay with a variety of cards on the market when traveling on buses and other public transport vehicles. This form of payment not only saves time but also helps public transport operators optimize management, easily exploit and operate service routes.
“With the above diverse payment solutions, the Best Online Payment Service Provider in Vietnam 2024 Award is a clear demonstration of VPBankSME's contributions and commitment to bringing optimal value to small and medium enterprises. This is not only an important milestone but also a driving force for VPBank to continue to develop and provide outstanding financial services, contributing to the sustainable success of the Vietnamese business community” – VPBank representative shared.
Information box:
- International Finance Magazine (IFM) is a premium financial magazine published by the UK's International Finance Publications Limited, providing news, reviews and analysis on financial markets around the world. IFM has a large readership in the European, American and Middle Eastern markets and is growing rapidly in the Asia Pacific market with an increasing readership. In 2022, SME was also awarded the Best Micro - Business Development Bank 2022 by IFM to VPBankSME for its outstanding values and services to businesses.
- For more information and to register to use VPBankSME's online payment services, please contact hotline 1900 234 568 or visit https://smeconnect.vpbank.com.vn/the-va-giai-phap-thanh-toan
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