VNPT officially provides Mobile Money electronic money service

On November 25, Vietnam Posts and Telecommunications Group (VNPT) officially announced the provision of the electronic money service Mobile Money - VNPT Pay.

Mobile Money provided by VNPT Group is a service that helps all customers use their VinaPhone subscription as a bank account with full functions such as deposit, withdrawal, money transfer and payment for services. Thanks to this feature, Mobile Money is suitable for all classes of people, in all regions of the country.

Integrating leading technologies of the banking and telecommunications industry (eKYC electronic identification, artificial intelligence - AI, big data - Bigdata, machine learning technology - Machine Learning, QR code, contactless payment solutions such as NFC, sound waves), Mobile Money service is considered the leading safe and convenient payment solution for customers today.

With a diverse service ecosystem including mobile network, telecommunications, internet with more than 30 million subscribers, more than 30,000 schools, more than 20,000 pharmacies, more than 7,000 medical facilities/hospitals, payment connection for more than 5,000 public administrative services and essential services (electricity, water), Mobile Money - VNPT Pay service fully meets the payment, shopping and utility needs associated with people's daily lives.

According to VNA