
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
NAPAS and Vietbank launched domestic prepaid cards with contactless payment in traffic
Vietnam Thuong Tin Bank (Vietbank) and Vietnam National Payment Joint Stock Company (NAPAS) have just officially launched Vietbank NAPAS prepaid cards. This is a line of domestic prepaid cards with chips issued by Vietbank with contactless payment feature in multi-application traffic applying the basic standard of local chip cards of the State Bank. At the
Details
Vietnam will soon become a cashless country
That is the affirmation of Mr. Safdar Khan, a veteran member of Mastercard, who has just taken on the role of the Group’s head of emerging markets in Southeast Asia. According to Nikkei, in Asia, in the battle of electronic payment, Visa and Mastercard are facing many challenges when credit cards seem to be losing
Details
Consumers advocate the conversion of magnetic cards to chip cards
Chip card is a card that all information is encrypted on chip, more secure than magnetic card and will limit the situation of information theft, cash withdrawal at ATMs. To issue chip cards, banks have to spend about 2 USD for a card, 7-8 times higher than a magnetic card. However, representatives of some commercial
Details
Cash withdrawal at ATMs without using physical cards
Vietcombank applies QR technology to the ATM withdrawal service, helping customers withdraw money easily and quickly without having to carry a card … Vietcombank applies QR technology to its ATM withdrawal service, allowing customers to withdraw money easily and quickly without having to carry a card. Today, all Vietnamese people are no longer familiar with
Details
The risk of losing money in ATMs increases because of slow transfer of magnetic cards to chip cards
The conversion of magnetic cards to chip cards in Vietnam is quite slow. This invisible medium has helped criminals steal money from ATM cards. Currently, Vietnamese banks are “racing” to convert magnetic cards to chip cards. This transformation not only fulfills the requirement of the State Bank (SBV) to be completed in 2020, but also
Details
Nam A Bank shook hands with Appotapay e-wallet
Nam A Bank and AppotaPay Joint Stock Company have just signed a cooperation agreement, contributing to providing convenient financial services to customers based on the strength of modern technology. Accordingly, Nam A Bank and AppotaPay signed an agreement to sign cooperation services such as: Linking e-wallet, payment gateway, collection on behalf of … At the
Details