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VPBank cooperates with GTEL to create superior financial technology products

DNVN - Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and Global Technology - Telecommunications Corporation (GTEL) have just signed a cooperation agreement with the expectation that it will become a model of cooperation between a financial institution and a technology company, bringing maximum benefits to the two cooperating units as well as to the customers and partners of both parties.

Tạp chí Doanh NghiệpTạp chí Doanh Nghiệp03/04/2025

As one of the financial institutions with the largest charter capital in Vietnam, VPBank is recognized by the market as a pioneer in applying digital transformation, with the current banking digitalization rate at 98%.

GTEL is an enterprise under the Ministry of Public Security that is developing strongly with the digital economy, providing high-quality services in the fields of information technology, data, security, network security, telecommunications... to agencies, organizations, businesses and people.


Representatives of VPBank and GTEL signed the cooperation agreement

Aiming to provide optimal, modern and high-quality products and services to customers, VPBank and GTEL have signed a cooperation agreement in the following areas: providing superior financial product packages and reputable data services to partners and customers of each side, expanding the market, improving competitiveness, aiming for sustainable growth.

Specifically, VPBank will provide GTEL, its partners and customers with comprehensive financial solutions to help businesses manage cash flow effectively, optimize operations and help individuals reduce costs, access banking credit products in the easiest and most beneficial way. In particular, GTEL customers will enjoy a series of attractive incentives such as free personal account opening, free online transactions, overdraft support and credit card issuance with a credit limit of 3-5 times the fixed salary.

Regarding products serving businesses, VPBank provides modern payment solutions such as POS, SoftPOS, QrPayment and payment agent services authorized by VPBank.

Regarding products for individuals, VPBank has preferential policies for GTEL's staff, senior leaders and customers. Accordingly, GTEL's staff are provided with credit cards, debit cards, overdrafts, car loans, home loans, and Agent Banking services.

VPBank's senior leadership team is provided with specialized financial products for the highest priority customer segment, with a streamlined, fast, and convenient application processing process.

On the other hand, with its strengths in the fields of data, technology, and telecommunications, GTEL will support VPBank in applying advanced technology solutions to improve credit assessment efficiency such as human and asset information authentication services (including movable assets such as vehicles and real estate), traceability of goods, etc., helping to shorten the time for collecting and processing credit records, minimizing resources, and improving risk management and operational efficiency.

The application of GTEL's technology and data into VPBank's financial product solutions is a new step forward for the bank on the journey of continuously improving financial products, bringing superior experiences to customers.

The cooperation with GTEL marks an important step forward in the bank's digitalization strategy. A VPBank representative emphasized: "We expect that combining VPBank's digital financial ecosystem with GTEL's data and technology capabilities will improve the quality of market analysis, create smart, superior financial technology products, meet the diverse needs of customers while optimizing risk management activities and enhancing competitiveness in the market."

The signing ceremony of the cooperation agreement between VPBank and GTEL is a premise to open up prospects for long-term cooperation while affirming the pioneering role and strategic vision of the two units in creating a digital financial ecosystem - superior technology, enhancing experience and bringing sustainable prosperity value to customers in the digital age.

Ha Linh


Source: https://doanhnghiepvn.vn/kinh-te/tieu-dung/vpbank-hop-tac-cung-gtel-tao-san-pham-tai-chinh-cong-nghe-uu-viet/20250403100101379


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