The Vietnam Posts and Telecommunications Group (VNPT) has become a Mobile Money service provider after its official launch of the service on November 25.
Hanoi (VNA) - The Vietnam Posts andTelecommunications Group (VNPT) has become a Mobile Money service providerafter its official launch of the service onNovember 25.
Mobile Money - VNPT Pay helps subscribers ofVNPT’s Vinaphone mobile network operator to use their subscriptions as a bankaccount with full functions such as depositing, withdrawing and transferringmoney, and paying for services. As a result, it is suitable for people from allwalks of life across the nation.
With a diverse service ecosystem of mobile,telecommunications and internet networks covering more than 30 millionsubscribers, over 30,000 schools, more than 20,000 pharmacies, and over 7,000medical facilities/hospitals, the service fully meets people’s payment,shopping and utility needs.
At the launch, Deputy Minister of Information andCommunications Pham Duc Long said cashless payment is key to a successfuldigital transformation process.
Mobile Money helps narrow the gap between rural and urbanareas, and is an effective tool for faster and better transactions serving economicrecovery and growth amid COVID-19,
Long recommended VNPT effectively run the service and ensuresafety and security for customers in contribution to promoting the developmentof the digital economy and society in Vietnam./.
Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services.
As the Prime Minister has officially allowed the pilot of mobile money – digital payment, many cellular operators will have an opportunity to enter this potential digital payment market.
Vietnam will pilot Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Dao Minh Tu.
MobiFone has become the first telecoms company to provide Mobile Money services in Vietnam after receiving permission from the State Bank of Vietnam on November 18.
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At the launch (Photo: VNA) 
