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VietNamNews

VC Corp to help bank develop e-pay portal

Update: July, 24/2012 - 10:27

HA NOI — Viet Nam Communications (VC Corp) said it had teamed up with the Bank for Investment and Development of Viet Nam (BIDV) to develop an e-payment portal.

The portal, called SohaPay, will help BIDV's credit card customers to pay for online purchases with links to SohaPay such as muachung.vn, enbac.com and rongbay.com.

The company, which has already partnered up with Techcombank on SohaPay, said it had attracted 500,000 frequent users to the portal.

"With BIDV and Techcombank, in the next 2-3 years, we plan to have 10 million people using SohaPay," said VC Corp deputy director Nguyen The Tan.

Tan said e-commerce in Viet Nam had developed rapidly over the past few years with about one-third of the business community earning part of their incomes from online trading, accounting for some 15 per cent of their total revenue.

However, with e-payment platforms still in their infancy, online purchases remained modest, he said.

Meanwhile, BIDV's deputy general director Tran Xuan Hoang said the co-operation would also help the bank to attract VC Corp customers to its banking services. "It will also be a step forward in our plan to become the country's leading retail bank by 2015," Hoang added.

Based in Ha Noi, VC Corp manages 90 websites, ranging from e-commerce and e-payments, to online newspapers, solutions and services. — VNS

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