Viettel Military Industry and Telecoms Group (Viettel) on Wednesday launched its digital financial ecosystem called Viettel Money.

Viettel Money is a comprehensive digital financial ecosystem that is available anytime and anywhere with the widest range of services, said Pham Trung Kien, General Director of Viettel Digital.

With up to 300 personalised functions, the most to date, Viettel Money serves diverse needs of customers in trading, money transfer, investment, insurance and bill payment.

Wherever there is mobile signal of Viettel, even without internet connection, customers can use Viettel Money, Kien added.

Viettel's telecom network now covers 99 per cent of Viet Nam's area, offering services in 11,000 wards and communes nationwide, including those located in remote, border and island areas.

From December 1, customers can use their official phone accounts that have been used for at least three consecutive months to register for Viettel Money without bank accounts.

Viettel Money is expected to help to accelerate cashless payment, particularly in rural, mountainous and border areas that still face difficulties in accessing traditional financial services.

On this occasion, Viettel also announced various promotion programmes with a total value of up to VND30 billion (US$1.32 million) for all customers registering for Viettel Money. — VNS