Timo crossed the milestone of more than 20,000 members in just six months after its debut in HCM City. — VNS Photo

Banking service provider Timo had its official opening in Ha Noi on Saturday, with the launch of its member location “Timo Hangout” on Ngo Quyen Street.

"Today, the average use of mobile phones by people takes up almost one-third of their time during the day. The debut of the Timo app helps members easily perform all banking using mobile devices,” said Don Lam, Timo founder, who was also a co-founder of VinaCapital.

“Equipped with additional ATM and credit cards, and with the advantages of free transfers and foreign exchanges, I believe Timo will effectively support the majority of members in modern life," he said.

Timo is a pioneer in the field of banking activities using technology, with no physical bank branches and a single location to welcome members and issue their cards.

Timo crossed the milestone of more than 20,000 members in just six months after its debut in HCM City. The company noted that this is the right time for Timo to expand to Ha Noi to meet the needs of customers in the capital.

Also at the event to mark its debut, Timo indicated it would be providing an optimised platform—from login steps to processing banking transactions—as it asserts its leadership in the online banking field in Viet Nam. — VNS