Cake by VPBank, a Vietnamese digital bank, has collaborated with Visa to launch a cloud-based card management system (CMS).
The system, built on Google Cloud infrastructure and using Visa Cloud Connect, integrates with Visa’s global payment network.
The CMS aims to enhance payment processing in Vietnam by leveraging cloud infrastructure, allowing for secure and streamlined operations.
Visa Cloud Connect enables financial institutions to connect to Visa’s network through the cloud, offering improved scalability, reduced operational costs, and faster market access.
Cake is the first issuing bank globally to adopt Visa Cloud Connect on Google Cloud.
The platform supports multiple card and transaction types, with a focus on maintaining high security standards.
Its modern architecture incorporates Google Cloud technologies such as GKE Enterprise and BigQuery to optimise scalability and efficiency.
Recently, the bank introduced Vietnam’s first disposable virtual debit card through the CMS and plans to expand its product line with additional debit and credit card options.
Dung Dang, Visa’s Country Manager for Vietnam and Laos, said,
“A cloud-based solution enhances operational efficiency and promotes cashless payments, aligning with our vision for a digital future in Vietnam.
It underscores Visa’s commitment to supporting fintech innovation and financial inclusion in the region.”
Tu The Hien, Chief Technology Officer at Cake by VPBank, added,
“Technology is the backbone of Cake’s rapid growth.
This collaboration integrates Visa’s payment expertise, Cake’s innovative DNA and GC’s secure and scalable infrastructure to deliver a seamless payment experience and operational efficiency.”
