The Vietnam International Bank (VIB) on Wednesday launched its new application – MyVIB Social Keyboard – enabling customers to transfer money on social networks in just five minutes.

Accordingly, if customers who are having a conversation with someone on social networks such as Facebook Messenger, Viber, Zalo, Whatsapp, Twitter and Snapchat want to transfer money to the person, they can switch to “MyVIB Keyboard-MyVIB” mode. They can then transfer money without having to open any other application.

Developed by VIB and Fintech Weezi Digital Co, the new application will help customers save time required to transfer money when chatting because they do not need to exit the screen to log onto MyVIB – the bank’s internet banking. Both internal and external bank transfers will take place on the "MyVIB Social Keyboard" at the chat screen and avoid sending money to incorrect recipients.

For security purposes, each transfer request must be authenticated via the OTP code sent to the sender’s phone, VIB said it its statement.

"Today, more and more people prefer texting instead of making phone calls and online shopping is gradually replacing traditional shopping," Tran Nhat Minh, VIB deputy general director said, expecting that the new application will bring customers who want to shop and transfer money via social networks exciting experiences of online banking services but also push up the development of non-cash payments in Viet Nam, he said. — VNS