Delegates from Visa, VIB, and VNPA pose for a photo at their collaboration announcement ceremony.
This collaboration aims to support Vietnamese SMEs in enhancing management efficiency, optimizing operations, and promoting sustainable growth in today's economy through a comprehensive ecosystem that meets their diverse needs of paying and being paid, the company said in a press release on Friday last week.
The comprehensive suite of solutions includes VIB's set of three products designed to meet the diverse needs of businesses for capital, cost management, and efficient payments: the VIB Business Card, a working capital loan package (VIB Business Loan), and the VIB Business digital banking platform.
Visa's Business Payment Solution Provider on VNPAYB2B empowers VIB cardholders to make payments to any payment account, even those without card acceptance capabilities, improving cash flow and control.
Finally, VNPAY Invoice and VNeDOC offer solutions for streamlined management of electronic invoices and digital contracts.
Dung Dang, Visa country manager of Vietnam and Laos, emphasized the importance of empowering SMEs with innovative payment technologies to drive economic prosperity.
Ho Van Long, Deputy CEO and head of retail banking at VIB, highlighted tailored financial tools aimed at easing capital access, optimizing cash flow, and boosting competitiveness.
Tran Manh Nam, director of VNPAY's enterprise division, underscored the role of digital transformation, with VNPAY's tech solutions streamlining operations and accelerating SME development.
These comprehensive financial and digital solutions from VIB, Visa, and VNPAY are specifically designed to help Vietnamese SMEs optimize their operations across all key areas – from financial management and cost control to sales and internal processes – setting the stage for strong and sustainable growth in the digital era.
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