Banknetvn and PayNet link to connect payment

According to the agreement signed on December 26, VINA Payment Network (PayNet) will connect the electronic bill payment gateway with Banknetvn's switching system, to provide and expand electronic transaction services for cardholders. Banknetvn member bank at PayNet's POS agent system.

Mr. Dang Manh Pho, General Director of National Financial Switching Joint Stock Company (Banknetvn), said: 'Direct connection from the account using the service at suppliers to the owner's payment account cards at Banknetvn member banks will promote non-cash transactions in Vietnam '.

General Director of JSC VINA (PayNet) payment Nguyen Chien Thang also said that the link between the two systems will open opportunities to promote distribution services and payment of electronic invoices, in which Bank parties, service providers and participating agency networks only need a single connection.

In the current card payment field, Banknetvn is the enterprise that manages and operates the card payment service delivery system for commercial banks. Banknetvn was established by 3 State-owned commercial banks, a number of joint-stock commercial banks and VDC, with a total capital contribution of VND 94.5 billion. Banknetvn has gathered a large number of card acceptance devices: 2,500 ATM and 11,750 POS, accounting for approximately 70% market share of ATM / POS in Vietnam.

PayNet founded in November 2006 - brings together a number of experienced enterprises and experts in the fields of telecommunications, technology and banking, with a capital contribution of VND 45 billion. PayNet focuses on connecting prepaid and postpaid service providers and developing electronic payment channels to connect with the banking system, allowing customers to purchase goods and services, pay telephone charges. , electricity and water money through electronic transaction channels such as Internet, mobile phones, ATM and POS (Point of sales) .

Minh Hong