Viettel Pay’s digital banking service has received the certificate of the Payment Card Industry Data Security Standard, the international information security standard for organisations that handle branded credit cards.

It was created to increase safety for cardholder data to reduce credit card fraud.

The service has completed Trustwave’s Self-Assessment Questionnaire and Vulnerability Scan.

The standard is mandated by the card companies and administered by the Payment Card Industry Security Standards Council.

MasterCard, American Express, Visa, JCB International, and Discover Financial Services established the council in 2006.

Four months after it began operations, ViettelPay has more than 2.75 million subscribers.

It has over 200,000 transaction spots where customers can withdraw and put money into their account, 11 times than number of ATMs in the country.

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

Last month (October) ViettelPay won a gold medal at the 18th annual Asia Pacific Information Communication Technology Awards in China. — VNS