In December 2014, the State Bank of (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank in Vietnam must follow in order to be permitted to offer intermediary such as electronic portal, cash collection and services, electronic money transfer services, and e-wallet services.

Under the framework, organizations looking to provide such services in Vietnam must apply for a license and must comply to a set of requirements regarding risk management, safety guarantee and security, among other things. The license comes into force from the date of signing and is effective for ten years.

 

So far, the SBV has granted a license to 27 non-bank organizations:

NAPAS  - NAPAS - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

National Payment Corporation of Viet Nam (NAPAS), a provider of financial switching services and electronic clearing services in Vietnam.

 

 

Viet Nam Payment Solution  - Viet Nam Payment Solution - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListViet Nam Payment Solution Joint Stock Company (VNPay), a provider of electronic payment services to more than 40 banks, 5 telcos and thousands of enterprises in Vietnam.

 

 

momo  - momo 150x150 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Online Service Joint Stock Company (M_Service), an m-commerce company that operates the popular payment application MoMo;

 

 

 

bankpay  - bankpay 300x73 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Viet Uc Online Service Joint Stock Company (BANKPAY).

 

 

Vietnam Online Service Trade Joint Stock Company (Vietnam Online).

 

payoo  - payoo 300x158 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Viet Union Online Services Corporation (VIET UNION), the operator of digital payment Payoo.

 

 

vietnam esport  - vietnam esport 300x140 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Vietnam E Sports Development Joint Stock Company (VIETNAM ESPORTS), a esport company that provides the AirPay mobile payment app and the Ocha POS POS system.

 

 

ECPay  - ECPay - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListElectricity and Telecommunications Payment Solutions Joint Stock Company (ECPay), a payment services provider in Vietnam which operates the electricity bill payment gateway of Electricity of Vietnam.

 

 

zalopay  - zalopay - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListZION Company Limited (ZION), the company operating digital, mobile payment solutions 123Pay and Zalo Pay.

 

 

 

VNPT Electronic Payment  - VNPT Electronic Payment 300x215 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

VNPT Electronic Payment Joint Stock Company (VNPT EPAY), a digital wallet and payment company.

 

 

 

 

iCareBenefits  - iCareBenefits 300x145 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Viet Phu Payment Services Support Corporation, a company that provides an employee benefit program. It operates iCare Benefits and Mobivi, an e-commerce and electronic transaction processing .

 

 

 

BaoKim Electronic Commerce Joint Stock Company  - BaoKim Electronic Commerce Joint Stock Company - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

BaoKim Electronic Commerce Joint Stock Company, an online payment services company.

 

 

Vi Mo Technology Joint Stock Company  - Vi Mo Technology Joint Stock Company 300x145 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Vi Mo Technology Joint Stock Company, a company offering a mobile payment application called Vimo.

 

 

 

 

Vietnam Multimedia Corporation  - Vietnam Multimedia Corporation - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Vietnam Multimedia Corporation, a Vietnamese multimedia corporation and the operator of VTC Pay, a digital wallet and payment gateway.

 

 

 

moca mobile payment  - moca mobile payment 300x76 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

Moca Technology and Service Corporation, the operator of the Moca mobile payment application;

 

 

 

FPT Wallet Company Limited  - FPT Wallet Company Limited 300x184 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

FPT Wallet Company Limited, the operator of digital wallet V-FPT and a joint venture between FPT, the largest information technology services company in Vietnam, and the group’s online shopping unit Sendo.vn.

 

 

 

 

mpay.vn  - mpay - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

M-PAY Trade and Technology Services Joint Stock Company, the operator of eMonkey, a multi-functional digital wallet.

 

 

One pay  - One pay 300x137 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

ONEPAY Online Service and Commercial Joint Stock Company, a payment processing company providing payment gateway, payment processing and merchant services.

 

 

 

WEPAY Payment Services Company Limited,  - WEPAY Payment Services Company Limited - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

WEPAY Payment Services Company Limited, a payment gateway provider.

 

 

 

NGANLUONG Joint Stock Company  - NGANLUONG Joint Stock Company - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListNGANLUONG Joint Stock Company, a joint venture of MOL AccessPortal Co., Ltd and Peacesoft Solutions Corporation that provides online payment services.

 

HI-TECH Security and Investment Company Limited.

 

ONEPAY Online Service  - ONEPAY Online Service 300x174 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

 

1PAY Joint Stock Company, a digital payment platform provider targeting the broader Southeast Asian region.

 

 

VNPT Media Corporation  - VNPT Media Corporation 300x128 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

VNPT Media Corporation (VNPT – Media), a subsidiary of the Vietnam Posts and Telecommunications Group (VNPT) and the operator of VNPT Pay, an electronic payment platform.

 

 

monpay  - monpay 300x78 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListPeople Care Joint Stock Company, the company behind MonPay, a social payment platform and digital wallet.

 

 

 

Viettel Group  - Viettel Group 150x150 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

 

Viettel Group, Vietnam’s largest mobile network operator, which also operates an online payment platform.

 

 

 

Vinatti  - Vinatti - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListVina Investment Development and Technology Transfer Company Limited(VINATTI),  help enterprises to maximise the power of internet and information technology in business development.

 

 

vietnammobile  - vietnamobile 300x180 - 27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete ListVietnam Mobile – Based Services Company Limited(VIMASS), is a fast-growing mobile communications service operator in Vietnam launched in 2009.

 

 

 

Featured image via Pixabay

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