Many “big company” jumped into the field of payment intermediaries

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From the beginning of the year until now, the State Bank (SBV) has issued 4 new licenses to organizations other than banks to provide intermediary payment services.

Most recently, on April 12, the State Bank granted a license to Vietnam Post Corporation (VNPOST); before that, March 9 was for MobiFone Telecommunication Corporation.

Accordingly, after many big names such as Vingroup, Viettel, VNPT, FPT … participating in turn through the clue of member companies, the payment intermediary field in Vietnam continue to contribute to the “big men. “Like VNPOST and MobiFone. Most of these names have a large customer ecosystem, with nationwide coverage.

With 4 licenses issued from the beginning of 2021 up to now, Vietnam currently has 43 organizations that are not banks providing intermediary payment services.

The first licenses issued in this sector started in 2015, as with Vietnam National Payment Joint Stock Company (NAPAS), Vietnam Payment Solution Joint Stock Company (VNPAY), Joint Stock Company Online Mobile Services (M_SERVICE JSC).

Source: bizlive.vn – Translated by fintel.vn