Transferring money and paying telephone and internet fees through mobile phones

Hanoi - May 18, 2009, TienPhongBank officially introduced the new service Mobile Banking to help clients carry out banking transactions anywhere, anytime.

27/05/2009

With only a mobile phone having Mobile Banking installed, the account holder can transfer money within TienPhongBank without having to go to banks, pay FPT’s ADSL fees and use other value added services.

Also on this occasion, TienPhongBank and Smartlink Card Services Joint-stock Company also introduced the product TienPhongBank Smartlink Mobile. With this product, customers can use mobile phones having Mobile Banking installed to pay money to the pre-paid accounts of their own telephone numbers and relatives’ other mobile phone numbers without having to depend on time, space and information interruption due to payment.

With TienPhongBank Smartlink Mobile, users can easily and effectively manage their own telephones and their relatives’ telephones at reasonable cost. Next, TienPhongBank and Smartlink Card Services Joint-stock Company will continue to provide clients with the postpaid mobile phone subscription cost service TienPhongBank Smartlink Mobile.

One more outstanding advantage of TienPhongBank’s Mobile Banking solution is that clients can install it on almost all mobile devices supporting Java, with a simple interface through an easy-to-use menu system without having to remember the syntax such as sms banking services of some current banks.

Besides, the Mobile Banking service also allows customers to look up information about exchange rates, interest rates, locations of ATMs, transaction locations of TienPhongBank, and informs them about changes in the remainders of their accounts.

Mobile Banking is the solution that allows the connection between mobile phones and banks. It permits account holders to carry out transactions through messages. With the deployment of such a break-through solution, TienPhongBank has become one among the first few banks to apply this solution in the modern payment market in Vietnam.

Overview of TienPhongBank

TienPhongBank was opened on June 06, 2008. It was established by FPT Corporation, VMS - MobiFone, Vietnam National Reinsurance Corporation (Vinare) and other shareholders.

The strategic cooperation and investment of these three big organizations have given TienPhongBank advantages in terms of IT, mobile telecommunications technology, and finance. These are basic factors ensuring that a modern bank can provide clients with an easy, safe and beneficial financial life.

TienPhongBank is now the working place of nearly 300 talents. TienPhongBank is trying its best to bring about a rich spiritual life besides a sufficient material life to all of its members.

TienPhongBank uses FLEXCUBE® Universal Banking Solution of iFlex, the leading solution provider in the banking field. The solution package FLEXCUBE® of TienPhongBank consists of the modules applied in Vietnam for the first time, such as: MIS (Management Information System), FA (Fixed Asset management), EX (Expense and investment management), and other modules serving activities in the capital market. TienPhongBank is the first bank in Vietnam having operated in accordance with ISO standards immediately since the first operating day. In December 2008, TienPhongBank honourably received the ISO 9001:2000 Certificate from the international quality standard certification organization Bureau Veritas.

TienPhongBank has committed to bring about (1) hi-tech banking services to create a financially comfortable life in an easy way, (2) thorough and friendly services conforming to strict regulations of the bank, and (3) safety, trust and long-term attachment.

During the first 4 months, TienPhongBank’s pre-tax profit was 40 billion VNDs. TienPhongBank has also committed not to charge ATM fees till the end of 2009.

Address

FPT Building – Dich Vong Hau Precinct, Cau Giay District, Hanoi
Tel.: 08.4.3768 8998
Fax: 08.4.3768 8979
TienPhongBank’s official website: http://www.tpb.com.vn
You can find out more about TienPhongBank’s culture at: http://www.u2b.com.vn
You can find out more about TienPhongBank’s employment opportunities at : http://www.tpb.com.vn/tuyendung

Overview of Smartlink Card Services Joint-stock Company

Smartlink Card Services Joint-stock Company (Smartlink), predecessor of which was Vietcombank Card Alliance, was founded by Vietcombank and fifty commercial joint-stock banks to professionalize and diversify supporting services settling non-cash payment transactions in accordance with the policy of the government and the State Bank of Vietnam.

The main functions of the company are to manage and operate the Smartlink information system to implement the transmission, exchange and settlement of automatic electronic transactions between users and providers of goods and services, member banks and other organizations; support the development of non-cash payment methods and electronic payment channels for member banks and partners.

Smartlink is now operating an information processing system with 26 participating member banks, among which 21 banks have successfully deployed the connection and have operated stably with the average processing amount of the system up to 400,000 transactions/day, the number of issued cards has reached nearly 4 million cards and the payments of these cards are accepted at 2,500 ATMs and over 15,000 units accepting cards in Vietnam.

Especially, under the close and direct guidance of the State Bank of Vietnam, Smartlink has successfully connected with Banknetvn, creating a unified ATM alliance network nationwide for the first time.

In addition, Smartlink has actively cooperated with airlines, telecommunications companies and big enterprises in Vietnam, such as Vietnam Airlines, Pacific Airlines, VMS – MobiFone, Viettel Corporation, Vinaphone, … to provide products and payment services on electronic transaction channels such as ATM, POS, mobile phones, Internet.

With the advantages of technical systems of advanced technology and international standards, a great number of participating member banks and a diversified network of service-providing partners, Smartlink’s strategic vision is “To become the leading electronic payment solution provider in Vietnam, to connect banks with providers of services and goods in the multi-channel and multimedia system with international technical and operational standards in order to bring about a system of modern and quality products to members’ clients.”

For more information, please contact:

TienPhongBank
Duong Thuy Quynh
Communications officer – PR/Marketing Department
Tel. +844-7688 998 (ext. 6243)