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Vi Viet e-wallet: An innovative payment solution for Vietnamese women
“Vi Viet: An innovative payment solution for Vietnamese women” is the first e-wallet solely developed in-house by a bank, offering non-cash payment solutions and other banking services on Internet-connected devices. The project has been granted a sponsorship amounting to USD 325,000 from the United Nations Capital Development Fund (UNCDF).
“Vi Viet: An innovative payment solution for Vietnamese women” is the first e-wallet solely developed in-house by a bank, offering non-cash payment solutions and other banking services on Internet-connected devices. The project has been granted a sponsorship amounting to USD 325,000 from the United Nations Capital Development Fund (UNCDF).
About LienVietPostBank
Established in 28 March 2008 as the first and only post-bank in Vietnam, LienVietPostBank has gradually affirmed its position in the domestic financial market thanks to many advantages. After 9 years of operation, LienVietPostBank has positioned itself in the Top 100 Strong Brands over four consecutive years and got closer the target of being in the Top 10 biggest private banks in Vietnam. In terms of network coverage, the Bank ranks the second compared to 35 largest commercial banks in Vietnam. At the end of 30 September 2017, LienVietPostBank has total 205 branches and transaction offices across 63 cities/provinces, more than 1,000 Postal Transaction Offices (PTOs) and over 10,000 nationwide post offices to be upgraded to PTOs. For the next 10 years, the Bank shall continue to pursue its business model as a “retail and universal bank” with the vision of being “The leading retail bank in Vietnam – a bank for everyone”. Besides that, LienVietPostBank also focuses on cooperation enhancement with a variety of international organizations, especially WSBI. Being its member since 2011, LienVietPostBank is always willing to share its best practices with others and proactively participates in all group works to contribute a part in the development of the whole society as well as to seek more cooperation opportunities with global financial institutions.
About Vi Viet
The year of 2016 has witnessed a remarkable milestone of LienVietPostBank with the official launch of Vi Viet. This is the first e-wallet solely developed in-house by a bank, offering non-cash payment solution and other banking services on Internet-connected devices. As of 30 September 2017, Vi Viet successfully attracted about 1.5 million users and 12,198 Vi Viet merchants across the country. Given more than 200 services, customers now can easily make payment for utilities bills, shop online, pay for goods/services purchased, top up mobile subscription, transfer/receive money, or cash in/cash out safely and conveniently anytime, anywhere. To fully take advantages of nation-wide network coverage and initial success of Vi Viet, LienVietPostBank in the near future shall focus more on R&D activities then provide the market with micro-finance services on Vi Viet such as online savings, lending, overdraft, etc. at favorable interest rates with time-saving processes, aiming to bring the Bank’s services and products closer to everyone.
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