Passengers can use the smart bus card to make inter-payment for all future public transport in the future.
Vietbank has just organized an event to announce the successful implementation of the smart payment card project for public transport activities on December 26 in Ho Chi Minh City.
According to Vietbank representative, the smart card payment application for buses is built on the technology platform in line with the current trend in the world. The card incorporates openloop EMV chip card technology (open ecosystem) which is more secure than the magnetic card. The application on the identity management system of the executive unit and the clearing service of the bank creates a platform to connect various types of public transport.
“We invest in digital technology on the 4.0 technology platform to provide intelligent solutions that meet application development in public transport and other areas and customer needs,” the bank representative said. shared goods.
As a clearing bank, Vietbank applied smart and automatic payment pilot information technology for public passenger transportation by bus in Ho Chi Minh City. The project put into operation to improve the quality of passenger transport services, attracting people to participate in using public passenger transport, contributing to reducing congestion and traffic accidents.
Users are protected information security thanks to accurate technology, high security, and can also use the card to pay for shopping at stores, restaurants, shopping centers, online payment at home and abroad. .
In addition, the smart bus card project also helps the State management agencies and public transport operators to strictly manage ticket policies, manage inter-system types. Various public transport patterns.
“The smart card project contributes to reducing manpower costs and printing and issuing paper bus tickets, managing accurate, efficient and transparent revenues,” the bank representative commented.
Other News
The bank must periodically report the results of conversion of magnetic card to chip card
The State Bank of Vietnam proposed the issuance, payment, switching of electronic cards … seriously organized the application of domestic standard of chip card base. The State Bank of Vietnam (SBV) has just issued a written request for card issuers, card payment organizations, card switching organizations and electronic clearing organizations to conduct card implementation contents.
Details
Banks “race” to convert magnetic cards into chip cards
According to the goals set by the Government, by 2020, the rate of non-cash payment must account for more than 30% of the total means of payment in Vietnam. Conversion of magnetic cards to chip cards with safer security technology is a must. The conversion from magnetic stripe to chip card is being implemented by
Details
NAPAS must pioneer the expansion of the electronic payment ecosystem
NAPAS should proactively expand the connection of the financial switching system with electronic data infrastructure of tax agencies, Customs, State Treasuries, People’s Committees of provinces, ministries, branches and sectors such as health care. , education to expand the electronic payment ecosystem, creating favorable conditions for businesses and people to access public services quickly. This is
Details
Converting a magnetic card to a chip card does not affect customer transactions
Domestic chip cards fully meet the technical factors of safety and security according to EMV international standards, limiting risks of fraudulent frauds in card payment, ensuring payment security for customer. It is also an important platform for integrating and applying for non-cash payment services and services for services such as health, education, transportation, insurance and
Details
What is a Visa card? Visa cards and their benefits
Visa card (English: Visa card) is an international payment card, issued by Visa in association with domestic banks, for the purpose of withdrawing money, buying goods online or paying at Acceptance points worldwide. Visa card Concept Visa card in English is Visa card. Visa Card is an international payment card, issued by Visa in association
Details
The people’s habit of withdrawing cash from ATMs has changed
According to a report by Vietnam National Payment Joint Stock Company (Napas), many people are more accustomed to spending through cards, banking applications, instead of cash withdrawals. If in 2018, 62% of people use bank cards to withdraw cash, this figure has decreased to 42% in 2019. Data from Napas shows that people tend to
Details
