9Pay partners with MSB to promote cross-border payments

Nguyen Quang Thinh (R), Director of 9Pay, and Nguyen The Minh (L), Deputy General Director of MSB and CEO of Corporate Banking, sign the cooperation agreement. Photo courtesy of 9Pay

During the signing ceremony, Nguyen Quang Thinh, Director of 9Pay, emphasized MSB’s role as a strategic partner in their long-term development.

He stated that the cooperation would drive advancements in international payments, offering optimal solutions for business customers.

Nguyen The Minh, Deputy General Director of MSB and CEO of Corporate Banking, highlighted that the Memorandum of Understanding (MoU) marks a significant step forward in payment solutions.

He noted that the collaboration aims to foster connections between Vietnamese and international businesses, addressing the growing demand for seamless cross-border transactions.

Representatives of 9Pay and MSB at the signing ceremony. Photo courtesy of 9Pay

Both parties commit to leveraging their respective strengths to establish a payment system that prioritizes safety, speed, and efficiency. The cooperation will focus on enhancing services for global payment providers, remittances, and merchants. Business customers are expected to benefit from reduced costs, faster transfer times, simplified procedures, and increased frequency of transactions.

The partnership aligns with the rapid digitalization of the economy, where cross-border payment solutions play a vital role. This collaboration aims to support international business operations in Vietnam, contributing to the digital transformation of the banking and finance sector.

Under the agreement, 9Pay and MSB will jointly develop payment solutions tailored to global service providers, remittance services, and merchants. This initiative supports the promotion of formal, secure, and legal cross-border business transactions in Vietnam.

9Pay, licensed by the State Bank of Vietnam, has established itself as a reliable payment intermediary over six years of operations. The company offers various payment services, including e-wallets, payment gateways, collection and disbursement services and a QR code payment device, Loa TingTing, designed for small merchants and business households.

MSB, guided by its mission of being "more than a Bank," continues to lead in digitalizing financial services. The partnership with 9Pay is expected to create a comprehensive international payment ecosystem, addressing the needs of global businesses operating in Vietnam.