Hanoi, 20 September - BIDV and VNPT Media Corporation (VNPT Media) signed a cooperation agreement on the provision of services.

 

​BIDV is the first bank to successfully connect with VNPT-Media's electronic payment portal VNPT-Pay. The agreement relates to the provision of services integrating VNPT Pay’s payment intermediary and BIDV’s services for customers. The services that will be deployed in the coming time include collection, payment portal and e-wallet. These are high-tech content services, widely-applicable and suited to the trends of modern consumers.

BIDV and VNPT Media deploy the above services based on the outstanding advantages of (i) the broad customer base of both parties, including VNPT’s base of 30 million customers and BIDV’s base of over 8 million customers; (ii) BIDV’s wide operating network; (iii) the skilled technical staff forces of both companies who ensure services are always updated with the latest IT applications, delivering valuable experiences to customers; and (iv) the dedicated 24/7 contact centres of BIDV and VNPT Media.

The cooperation between BIDV and VNPT Pay provides a new payment channel which is convenient, quick and efficient for modern consumers and helps raise standards in public banking within the country.

Speaking at the signing ceremony, Mr. Le Ngoc Lam, BIDV's senior executive vice president, said: “The successful connection between VNPT Media and BIDV is an important step to help VNPT Media launch and implement a non-cash payment system which still has more room for development in the future.”

Mr. Ngo Dien Hy, general director of VNPT Media emphasised, “The signing ceremony marked a new milestone in the cooperation between VNPT Media and BIDV, laying solid foundations for the two parties to share their core values ​​to increase services and benefits for customers as well as building new values.”

The non-cash payment development plan in Vietnam for the 2016-2020 period has been approved by the Vietnamese prime minister. The plan states that 70 percent of utility providers will accept non-cash payments, and 50 percent of individuals and households in big cities use non-cash payment means in purchase and consumption.

About BIDV

Established in 1957, BIDV is the largest commercial bank in Vietnam with total assets of more than VND1.1 quadrillion (equivalent to USD49 billion) as of 30 June 2017. BIDV operates in different areas of banking, insurance, securities, investment, etc. BIDV has over 1,000 branches and transaction offices in all provinces of the country along with overseas subsidiaries and representative offices.

About VNPT Media:

VNPT Media Corporation was founded in 2015 based on the reorganisation of VASC company, VNPT's Information and Public Relation Centre, and the research & development units, digital content units, and value-added units from VDC Company and VinaPhone. The corporation’s business fields cover researching, developing, and trading television services, multimedia, value added services and information technology. VNPT Media has four subsidiaries.