Business

Cashless payment promoted in remote areas

The National Payment Corporation of Vietnam (NAPAS) in coordination with the Vietnam Bank for Social Policies (VBSP) launched NAPAS 247 Quick Transfer and NAPAS 247 Quick Transfer via VietQR Code on the bank’s mobile banking app (VBSP Smartbanking) on July 31.
Cashless payment promoted in remote areas ảnh 1The National Payment Corporation of Vietnam (NAPAS) collaborates with the Vietnam Bank for Social Policies to promote cashless payment in remote areas. (Photo: VietnamPlus)

Hanoi (VNA) – The National PaymentCorporation of Vietnam (NAPAS) in coordination with the Vietnam Bank for SocialPolicies (VBSP) launched NAPAS 247 Quick Transfer and NAPAS 247 Quick Transfer via VietQR Codeon the bank’s mobile banking app (VBSP Smartbanking) on July 31.

The collaboration is part of a plan toprovide modern digital payment products and services to the bank's target customer groups who live in rural and remote areas, contributing to the realisation of theGovernment's project on cashless payments and the national comprehensivefinancial strategy.

Accordingly, customers canaccess the VBSP Smartbanking app and make quick transfers from an accountopened at the VBSP to 45 member banks of NAPAS and vice versa. The clients can also create their own QR codes to receive money on the app as well as transfer money by scanning QR codes of other banks.

Money transfer/payment throughthe above-mentioned methods will bring a convenient, fast, and safe paymentexperience to clients.

According to Nguyen Quang Minh,General Director of NAPAS, this cooperation will be an important step inpromoting the development of cashless payment as the VBSP’s branches and customers are in all 63 provinces and cities across the country.

In the comingtime, NAPAS and the VBSP will also continue to strengthen collaboration todeploy more payment products and services to better serve the demand of peopleand support other socio-economic activities, contributing to thecountry's digital transformation process, he said./.

VNA
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