Vietinbank launches new deposit, payment services

Tuesday, Nov 26, 2013 15:36

A customer uses Vietinbank ATM services. The bank now enables customers to withdraw money from ATMs without bank cards. — Photo

HA NOI (Biz Hub) ― Vietinbank launched a new service on Monday enabling customers to withdraw money from automated teller machines (ATMs) with registered codes instead of bank cards.

Another service, ATM Deposit, allows card users to deposit money at the machines without having to go to the bank.

The bank also provides MPOS (mobile point-of-sale), Merchant Online and E-Fast On services, which aim to make payments through mobile devices and in global e-commerce more convenient.

Vietinbank management board member Pham Huy Thong said the bank considered enhancing technology and diversifying distribution channels a key competition strategy and would continue to study new card services.

In Viet Nam, the bank has 23 per cent share of the domestic card market, 35 per cent of the international card market and 30 per cent of the point-of-sale market, according to the Viet Nam Bank Card Association. ― VNS

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