The Viet Nam Posts and Telecommunications Group (VNPT) and Maritime Commercial Joint Stock Bank (Maritime Bank) signed an agreement on deploying new technology to customers on Wednesday.

Under the deal, the two sides will promote joint venture activities and contribute capital to support each other to develop their business.

VNPT will provide telecommunications, information technology and other services at competitive prices, focusing on service quality, safety and technical assistance for Maritime Bank.

Meanwhile, Maritime Bank will work with VNPT to provide electronic payment services with VNPT Pay.

The two sides will build and deploy new technology and apply information technology and promotion programmes.

In addition, VNPT and Maritime Bank will support each other in infrastructure, services and finance to boost network development and transaction points.

The two sides will also research and invest resources, especially financial and technological resources, to work out solutions and technologies attached to the financial management system and the market.

Pham Duc Long, VNPT general director, said the group had launched digital and mobile banking services to bring competitive advantages and reduce costs and risks for customers.

Meanwhile, Huynh Buu Quang, Maritime Bank general director, said the signing opened up opportunities for the bank and VNPT to enhance their co-operation, make full use of their advantages, experiences and capabilities of each units to further develop. — VNS