Visa Partners with FPT to modernize government services and boost business growth

Visa, the global leader in digital payments, and FPT, Vietnam's leading technology company, have signed a Memorandum of Understanding (MOU) to advance digital transformation and financial inclusion within Vietnam's government sector. This strategic partnership aims to modernize public services and strengthen business ecosystems, focusing on empowering small and medium-sized enterprises (SMEs).

Building on previous collaborations, Visa and FPT will jointly advance Vietnam's national e-marketplace for procurement by fostering greater SME participation and enhancing payment infrastructure. The partnership will also explore innovative urban service digitization solutions, including expanding financial access and equipping SMEs with corporate credit cards to streamline cash flow management. Through this collaboration, both parties aim to drive continuous innovation and strengthen transformation within Vietnam’s public sector.

“This partnership underscores Visa and FPT’s shared commitment to accelerating digital transformation and fostering financial inclusion in Vietnam,” said Ms. Dang Tuyet Dung, Visa Country Manager for Vietnam and Laos. “By leveraging Visa’s global expertise and FPT’s advanced technology platforms, we aim to build a more efficient, transparent, and inclusive digital ecosystem that benefits public services and businesses nationwide.”

Mr. Vu Anh Tu, Chief Technology Officer of FPT Corporation, stated: “For more than 30 years, FPT has led the way in innovation, delivering cutting-edge products and technological solutions that drive business and societal growth in Vietnam and beyond. Our partnership with Visa marks a significant milestone, enabling us to merge the expertise and experience of both organizations to advance digital transformation and cashless payments across key sectors such as public services, healthcare, education, and social security in Vietnam. This collaboration underscores our mission to contribute to national prosperity through innovation, science, and technology.”

Visa and FPT Corporation will combine resources to facilitate project implementation and expand operational capabilities across Vietnam. This partnership highlights Visa's commitment to advancing the country's digital transformation journey and fostering a cashless economy.