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Banking & Finance

TPBank focuses on payment innovation

Released at: 15:36, 07/10/2015

TPBank focuses on payment innovation

Bank agrees to terms with BPC Banking Technologies on card solutions and payment systems.

by Tue Doanh

The TienPhong Commercial Joint Stock Bank (TPBank) has selected SmartVista to replace its current card solution and legacy payment systems.

This will provide TPBank with enhanced capabilities in all aspects of payments, including full in-house processing of ATM and POS transactions together with improved card issuing. The initiative will also boost the capabilities of TPBank’s award-winning mobile and internet banking services.

“We want to be seen as a technology leader taking the initiative to reach the position of the Number 1 Digital Bank in Vietnam,” said CEO Nguyen Hung. “One of the most important things in the future will be the flexibility to offer our customers what they want, when they want it, and where they need it the most. Working with BPC and implementing SmartVista will enable us to stay ahead and deliver services at the speed we need to.”

SmartVisa is developed and distributed by BPC Banking Technologies, a world leader in payment technology with 150 clients in 53 countries globally. “We are looking forward to bringing that level of experience to TPBank to help it further achieve its goals,” said Mr. Rajan S. Narayan, Managing Director Asia Pacific. “With SmartVista as their cards and payments technology foundation, this enables the bank to simplify their approach, leaving them to enhance and roll out innovative services when they want to.”

The partnership will see the migration of the bank’s ATM Switch and Cards platform to SmartVista and the availability of enhanced services in 2015 with a further roll out and enhancements early 2016.

BPC’s first customer was secured in Vietnam in 2008 and it continues to be an important country as regional expansion advances at a rapid pace. The partnership broadens BPC’s success, with TPBank being the fifth customer in the country. The relationship will lead to further investment in Vietnam and the expansion of the Development & Support Centre in Ho Chi Minh City.

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