Military-run telecom provider Viettel on Friday officially introduced its ViettelPay app – a digital banking service.

ViettelPay allows customers to transfer money, make payments, deposit money, and even offers loans. It also assists mobile phone users in performing financial transactions without being physically present at their banks.

Viettel said its customers can access banking services anytime, anywhere, and on any model of phone.

ViettelPay is expected to make digital payments and e-commerce services increasingly popular. It is targeted to help people in remote and mountainous, island and border areas access financial services quickly and conveniently.

Speaking at the launching ceremony, Pham Trung Kien, deputy general director of Viettel Telecom, said the launch of ViettelPay was part of the group’s plan to develop the digital payment and e-commerce ecosystem and smart logistics via cell phones.

The Fourth Industrial Revolution has gradually changed economies around the world including Viet Nam. It is time for Vietnamese products to enhance the country’s competitiveness in the wave of integration, he said.

Kien added that ViettelPay is a simple financial service which contributes to the country’s orientation of developing a digital economy.

Between June 29 and late July, ViettelPay is offering its infinity package free of charge, which allows users to transfer money by bank account, bank card and phone number. The offer only applies to the first 10,000 subscribers.

ViettelPay also provides a cash transfer service, in which customers can receive money at home within two hours of it being sent, or at Viettel’s service offices across the country.

Customers can access the ViettelPay app by visiting the link https://viettelpay.vn/app or calling *998# for those who are not using smartphones.

Customers also have opportunity to experience the infinity room – the first of its kind. — VNS