On July 3, 2024, at the headquarters of the Co-op Bank of Vietnam, the handover ceremony of PAYMENT HUB equipment to 10 people’s credit funds took place successfully and successfully. Attending the ceremony, on behalf of the Co-op Bank of Vietnam, were Ms. Pham Thi Hong Minh, Member of the Board of Directors, General Director of Co-opBank, along with representatives of the Board of Directors, Board of Supervisors, Board of Directors, representatives of Blocks, Departments, and Centers of Co-opBank. The handover ceremony was also attended by representatives of the STEP Project, representatives of IT partners, and Vietnam Association of people’s credit funds.
Deploying Payment Hub is one of the important steps in modernizing and enhancing the payment capacity of QTDNDs, with the important contribution of the STEP Project, units and partners such as: Techplus, ITD, NGV, FTI. Co-opBank and QTDNDs determined that the deployment of Payment Hub, the payment axis system solution, will bring many diverse benefits, in many aspects such as:
- Allowing QTDNDs to connect seamlessly, 24/7 with the system of banks and service providers through NHHT.
- Allowing the integration of many services and service management to each QTDND member: deposits, loans, loan collection, money transfer payments, etc.
- The premise for building a platform for applications dedicated to QTDNDs, QTDND members, supporting the development of modern banking products and services through NHHT.
- Increase control and reduce risks associated with transaction execution. Enable automatic reconciliation between QTDND and NHHT
In addition, TechPlus is an important strategic partner contributing to the great success of this Payment Hub project. On the side of TechPlus, Mr. Kieu Viet Hung (CEO of TechPlus Solution) emphasized that “The trial operation of the Payment HUB payment network is just the beginning of the success of this network. Many difficulties and challenges lie ahead, requiring the contribution and cooperation of the entire People’s Credit Fund system and related parties to ensure the system operates effectively. At the same time, promoting the goal of becoming a payment network not only for 1,200 funds but also for other organizations such as microfinance, credit programs… And one thing is for sure, we, Techplus, are committed to accompanying the NHHT and the entire fund system to maintain and develop this payment network. Once again, thank you all for attending today’s ceremony. Your presence has marked the successful start of the project. And wish the project will reap more success in the future”
Immediately after the Payment Hub equipment handover ceremony, NHHT, QTDND and partners and coordinating units made specific plans for training, installation, and environment setup, ready for pilot implementation.
TechPlus believes that, right after the handover ceremony of the Payment Hub pilot deployment equipment for 10 people’s credit funds, it will reap many successes and great victories in the future, aiming for more than 1,200 people’s credit funds to work together towards good core values.
