SmartCash Gaining Ground In Vietnam
17 Dec 2015
Bancore Vietnam is leveraging the power of mobile and web technology to provide access to banking facilities with its SmartCash platform. SmartCash is an eWallet for web and mobile devices that enables P2P (Peer-to-Peer) transactions to take place just using the receiver’s mobile number as the account number. Users are issued with a Prepaid Virtual VISA card that is valid for online payments all over the world. Nearly 400,000 users have already registered with around 280,000 VISA cards issued to date.
SmartCash has engaged with a number of partners to offer sign-up and top-up facilities online, including Goldenkey (and its affiliates), VTC, Baokim, Ngan Luong and VPBank Internet banking. VNPost with 13,000 branches nationwide is also able to receive Smartcash pay-in and handle other related services.
Jorgen Hedegreen of Bancore Asia, pictured above left with Mr Binh, Marketing Director, Bancore Vietnam, said, “We are pleased with the progress so far in user registration and the steady increase in monthly pay-in totals. Our next move will be to leverage the very high SmartPhone penetration in Vietnam using a dedicated SmartCash App. We will also be looking to extend our agent programme and achieve further integration of the P2P programme.”
Earlier this year, SmartCash was awarded “Best New Bank Product” in Vietnam.