30 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete Updated List

30 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete Updated List

by July 19, 2019
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In December 2014, the State Bank of Vietnam (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank organizations in Vietnam must follow in order to be permitted to offer intermediary payment services such as electronic payment portal, cash collection and payment services, electronic money transfer services, and e-wallet services.

Under the framework, organizations looking to provide such services in Vietnam must apply for a license and must comply to a set of requirements regarding risk management, safety guarantee and security, among other things. The license comes into force from the date of signing and is effective for ten years.

(This list was first done 04.April 2018 and updated 19.07.2019 with 3 organizations who have been approved after April 2018, one was withdrawn (HI-TECH Security ))

So far, the SBV has granted a license to 30 non-bank organizations:

NAPAS

National Payment Corporation of Viet Nam (NAPAS), a provider of financial switching services and electronic clearing services in Vietnam.

 

 

Viet Nam Payment SolutionViet Nam Payment Solution Joint Stock Company (VNPay), a provider of electronic payment services to more than 40 banks, 5 telcos and thousands of enterprises in Vietnam.

 

 

momo

 

Online Mobile Service Joint Stock Company (M_Service), an m-commerce company that operates the popular mobile payment application MoMo;

 

 

 

bankpay

 

Viet Uc Online Service Joint Stock Company (BANKPAY).

 

 

Vietnam Online Service Trade Joint Stock Company (Vietnam Online).

 

payoo

 

Viet Union Online Services Corporation (VIET UNION), the operator of digital payment solution Payoo.

 

 

vietnam esport

 

Vietnam E Sports Development Joint Stock Company (VIETNAM ESPORTS), a esport company that provides the AirPay mobile payment app and the Ocha POS POS system.

 

 

ECPayElectricity and Telecommunications Payment Solutions Joint Stock Company (ECPay), a payment services provider in Vietnam which operates the electricity bill payment gateway of Electricity of Vietnam.

 

 

zalopayZION Company Limited (ZION), the company operating digital, mobile payment solutions 123Pay and Zalo Pay.

 

 

 

VNPT Electronic Payment

 

VNPT Electronic Payment Joint Stock Company (VNPT EPAY), a digital wallet and payment company.

 

 

 

 

iCareBenefits

 

Viet Phu Payment Services Support Corporation, a company that provides an employee benefit program. It operates iCare Benefits and Mobivi, an e-commerce and electronic transaction processing platform.

 

 

 

BaoKim Electronic Commerce Joint Stock Company

BaoKim Electronic Commerce Joint Stock Company, an online payment services company.

 

 

Vi Mo Technology Joint Stock Company

 

Vi Mo Technology Joint Stock Company, a company offering a mobile payment application called Vimo.

 

 

 

 

Vietnam Multimedia Corporation

 

Vietnam Multimedia Corporation, a Vietnamese multimedia corporation and the operator of VTC Pay, a digital wallet and payment gateway.

 

 

 

moca mobile payment

Moca Technology and Service Corporation, the operator of the Moca mobile payment application;

 

 

 

FPT Wallet Company Limited

 

FPT Wallet Company Limited, the operator of digital wallet V-FPT and a joint venture between FPT, the largest information technology services company in Vietnam, and the group’s online shopping unit Sendo.vn.

 

 

 

 

mpay.vn

M-PAY Trade and Technology Services Joint Stock Company, the operator of eMonkey, a multi-functional digital wallet.

 

 

One pay

 

ONEPAY Online Service and Commercial Joint Stock Company, a payment processing company providing payment gateway, payment processing and merchant services.

 

 

 

WEPAY Payment Services Company Limited,

WEPAY Payment Services Company Limited, a payment gateway provider.

 

 

 

NGANLUONG Joint Stock CompanyNGANLUONG Joint Stock Company, a joint venture of MOL AccessPortal Co., Ltd and Peacesoft Solutions Corporation that provides online payment services.

 

ONEPAY Online Service

 

 

1PAY Joint Stock Company, a digital payment platform provider targeting the broader Southeast Asian region.

 

 

VNPT Media Corporation

 

VNPT Media Corporation (VNPT – Media), a subsidiary of the Vietnam Posts and Telecommunications Group (VNPT) and the operator of VNPT Pay, an electronic payment platform.

 

 

monpayPeople Care Joint Stock Company, the company behind MonPay, a social payment platform and digital wallet.

 

 

 

Viettel Group

 

Viettel Group, Vietnam’s largest mobile network operator, which also operates an online payment platform.

 

 

 

VinattiVina Investment Development and Technology Transfer Company Limited(VINATTI),  help enterprises to maximise the power of internet and information technology in business development.

 

 

vietnammobileVietnam Mobile – Based Services Company Limited (VIMASS), is a fast-growing mobile communications service operator in Vietnam launched in 2009.

 

 

Smart Net Ltd, a company established in 2015 that provides financial and insurance services.

 

 

Edenred, the owner and operator of Dibee, an e-payment solution designed for professional fleet expenses. Dibee allows users to monitor all transactions in real time and access insights for a total fleet cost control.

 

 

Paytech, an online payment company established in 2016.

 

 

 

EPay, a company founded in 2018 and based in Hanoi.

 

 

 

Featured image via Pixabay

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