Sapo and Techcombank strategic cooperation to enhance digital financial solutions

Sapo Technology Joint Stock Company and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have just signed a strategic cooperation agreement to bring Techcombank's comprehensive digital financial solutions to the Sapo platform, marking an important step in integrating technology and finance into the retail sector. Advanced financial and technological solutions will be packaged by Sapo and Techcombank to provide to individuals, business households and retail enterprises, helping them operate their businesses more effectively, improve customer experience and easily access capital. This cooperation agreement is the basis for the two sides to promote investment in building new platforms, developing highly connected solutions to support sellers in accessing digital tools, optimizing business models and using comprehensive financial services. This is an important step to promote the digital transformation process in the retail industry, towards a cashless future. The cooperation between Sapo and Techcombank promises to bring superior revenue management and cashless payment acceptance solutions, with a variety of options from cards, QR codes, SmartPOS and SoftPOS. Sellers will enjoy preferential fees and a seamless experience, automatic reconciliation on Sapo software or Techcombank's digital banking platform, helping to save time, reduce risks and costs.

Sapo và Techcombank hợp tác chiến lược nâng tầm giải pháp tài chính số

Sapo customers will have the opportunity to access Techcombank's optimal financial products such as Automatic Profit, Bao Loc Deposit Certificates, flexible secured and unsecured funding solutions, and the Techcombank Rewards program. In return, Techcombank customers will be provided with leading advanced technology solutions by Sapo, helping to optimize their business models and increase competitiveness. The goal of Techcombank and Sapo by 2025 is to create a popular digital ecosystem with 30,000 individual customers, business households and sellers using the products and solutions of both parties. This is a great ambition, demonstrating the strategic vision of both businesses in promoting digital transformation and improving business efficiency for customers.

Mr. Nguyen Anh Tuan, Director of Techcombank Retail Banking, shared: "We want to provide comprehensive financial solutions for sellers, helping them standardize, improve their operating models and expand their business with convenient revenue management solutions, diverse payment methods and easy access to capital." Mr. Tran Trong Tuyen, General Director of Sapo, said: "Sapo believes that the strategic cooperation with Techcombank will bring a seamless digital financial experience to sellers, supporting them to operate effectively and increase revenue." The cooperation between Techcombank and Sapo not only brings outstanding digital financial solutions but also many attractive incentives such as free use of Sapo software for 3 months, free 5 sets of desktop QR codes, free transactions via QR codes, beautiful account numbers, online international/domestic money transfers, annual e-banking fees and account management fees, with a total incentive value of up to tens of millions of VND.

Sapo Technology Joint Stock Company has been a pioneer in building a technology platform to support retail and e-commerce for many years. By March 2024, Sapo had supported more than 230,000 businesses and traders. After more than 15 years of development, Sapo is aiming to become the leading technology company in Vietnam. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) with the vision of "Transforming the financial industry, enhancing the value of life" is one of the largest joint stock banks in Vietnam and a leading bank in Asia. Techcombank's ecosystem approach and partnership cooperation make a difference in a fast-growing economy. The combination of these two leading brands is expected to create breakthroughs, promoting the strong development of the retail industry in the future. The strategic cooperation between Techcombank and Sapo not only helps individuals, business households and enterprises seize opportunities for stronger development but also creates a vibrant and modern business environment for the seller community in Vietnam.