If a decade ago, making money transfers and payments by mobile phone was still unfamiliar to many people in urban areas, now, even in rural, remote and isolated areas... people can transfer money via handheld devices connected to the internet. That shows that the banking industry has been "painting" an extremely impressive "picture" of digital transformation with outstanding achievements, adding to the Spring color to welcome the new year.
The banking industry promotes the application of digital technology in business activities.
Implementing the National Digital Transformation Program (DTS) to 2025, with a vision to 2030 of the Government and the Banking Industry Digital Transformation Plan to 2025, with a vision to 2030 according to Decision No. 810/QD-NHNN dated May 11, 2021 of the State Bank of Vietnam (SBV), the SBV Provincial Branch has actively implemented and achieved encouraging results, contributing to the overall development of the economy.
The most prominent point in the process of implementing digital transformation in the banking sector and promoting national digital transformation in 2024 is the impressive figures on the implementation of non-cash payments (TTKDTM). In 2024, the total inter-bank electronic payment in the province will reach more than 26,400 billion VND, transactions via the internet channel will reach over 310,000 billion VND, and financial transactions via mobile phone channels will reach more than 706,000 billion VND. The number of customers using TTKDTM services is 2,033,427 customers, the number of payment accounts is 1,935,268.
To promote digital finance, serving transaction and commercial activities in the electronic environment, with the active participation of the banking industry, up to now, about 87% of adults have opened payment accounts at the banking system, the payment network accepting QR codes is expanding rapidly. In parallel with the development of electronic payment services, banks focus on promoting diverse utilities, connecting with other industries and fields to establish a comprehensive "digital ecosystem", meeting the maximum needs of customers.
Currently, most basic banking operations have been digitized such as opening payment accounts, opening bank cards, opening savings books, etc. Opening an online account via banking applications (Mobile Banking) has become simpler and faster than ever thanks to the eKYC electronic identity verification method. Customers can also open credit cards, make online savings deposits or apply for unsecured loans online and receive disbursement directly into their personal payment accounts in just a few minutes, instead of having to go to traditional transaction offices as before.
Nam A Bank Phu Tho's Onebank digital transaction point brings customers superior experiences in automatic digital transactions, meeting the needs of modern 365+ financial transactions.
Not stopping at basic banking services, many Mobile Banking applications also expand to national public services, civil services such as payment for electricity, water, telecommunications, healthcare, education, goods on e-commerce trading floors, ride-hailing services, restaurant booking, tours, insurance, securities...
The banking industry has also implemented many solutions such as cleaning accounts, applying strong authentication measures in transactions (OTP), applying an unusual transaction monitoring mechanism to promptly handle suspicious cases. In particular, in 2024, a milestone of the banking industry in implementing security solutions, ensuring safety for people when transacting in the digital environment is the application of biometrics. The implementation of biometric banking has been quickly supported by people, organizations and businesses. To date, there have been about 480,323 bank accounts applying biometrics.
To implement comprehensive digital transformation, investing in and upgrading the digital infrastructure of the banking industry is a mandatory and urgent requirement. Up to now, the whole province has 205 ATMs, 1,035 payment POS, especially Nam A Bank Branch has installed the Onebank digital ecosystem, the payment acceptance network (POS/QR Code) covers most localities in the whole province. In addition, banks also focus on promoting the digitalization of internal activities in terms of processes, documents, and online approval, helping banks optimize labor productivity and reduce operating costs.
Mr. Pham Truong Giang - Director of the State Bank of Vietnam Provincial Branch affirmed: Banking is one of the fastest and strongest digital transformation sectors today. To maximize the benefits of the digital environment, the industry has made continuous efforts to achieve results in important pillars in terms of transforming awareness, upgrading infrastructure, applying data mining and developing digital banking models, ensuring security and safety, promoting credit growth, maintaining the role as the lifeblood of the economy, contributing to controlling inflation and stabilizing the macro economy.
That has helped the banking industry overcome difficulties and challenges to achieve impressive figures. Up to now, the total mobilized capital in the whole system is estimated at VND 97,500 billion, an increase of 10.05% compared to the end of 2023, reaching 102% of the 2024 plan; outstanding loans are estimated at VND 113,000 billion, an increase of 8.1% compared to the end of 2023. This is truly the driving force for the banking industry to continue its growth momentum, multiplying the joy in the new Spring.
Phuong Thao
Source: https://baophutho.vn/chuyen-doi-so-de-phat-trien-ben-vung-225394.htm
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