VI VIET E-WALLET – AN OVERVIEW Event_Quoc Su Le.pdfVI VIET INTRODUCTION • A comprehensive technology platform used in mobile devices to provide payment & banking services to the

VI VIET E-WALLET – AN OVERVIEW1

Viet Nam Market Potential 0101020203030404050506060707

Advantages of Vi Viet

Services offered via Vi Viet

Technology platform

Distribution channel

Market competition

Vi Viet ecosystem

VI VIET INTRODUCTION

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Only 30% of population has access to financial andbanking services in Vietnam. One of the reasons isthe limitation of banking network

Around 45% of Vietnam adults are using mobilephones with the mobile subscriber penetration rateof 128% (one adult has 1,28 mobile phonenumbers).

The e‐commerce revenue in Vietnam increased nearly20% per year and reached USD 4.3 billion in 2015. Thegrowth rate is three times as much as the global rate.

VIET NAM MARKET POTENTIAL

The gap between banking and telecommunication subscriber/mobile phone penetration as well the growth of e‐commerce activities indicate the potential of Vi Viet E‐wallet in providing banking products and services via mobile phones for Vietnamese

Financial and 

banking 

services

30% of population has 

access

Fin‐tech presence

Bank is present at district level

92 Millions people total 48 Millions from 18 to 60

years old

115Millions mobile phone

45% is Smart phone

Market Scale (USD)

Growth

Payment 20 Billion ~4%

TransferMoney

1 Billion 1%

Consumer loans

15 Billion >10%

Ecommerce

4.3 Billion >20% Mobile Internet Cover

95% with 3G, 4G and wifi

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VI VIET INTRODUCTION

• A comprehensive technology platform used in mobile devices to provide payment & banking

services to the mass market

• A non-cash payment gateway available for all e-commerce transactions

• An effective financial management tool for every individual and household.

SECURED CONVENIENT ANY TIME, ANY WHERE

Definition: Vi Viet is a platform allowing LienVietPostBank to provide payment solution and offer banking and financial services via mobile devices for customers in Vietnam

Target mass marketVISION Improve financial inclusion 

in Vietnam

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DEVELOPMENT STRATEGY

3 MAIN DEVELOPMENT 

PILLARS

Approach to every commune across the country  

Bring the most optimal products and services to the customers

MORDERN INFORMATION TECHNOLOGY PLATFORM

STRUCTURED DISTRIBUTION CHANNELS

THE BEST PRODUCT AND 

SERVICE

Mobile devices, cloud computing

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Vi Viet E‐wallet 7

MODERN TECHNOLOGY PLATFORM

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VI VIET INTRODUCTION

Functions are diversified with user‐friendly interface

Account is created within a few clicks

Money is transferred to account immediately

Modern system connects to almost all domestic banks, functioning

24/7

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Loyalty programs

Around me

Social network•Mobilization products: micro savings, recurringsavings

• Lending products: micro lending, overdraft,consumer loan

SERVICES OFFERED VIA VI VIETPayment services

Fund transfer servicesVi Viet provide fund transfer services between Vi Viete‐wallets, between Vi Viet accounts and bankaccounts

Banking products

Vi Viet currently serves as payment tool for services as below: Electricity, water bill, post‐paid telecommunication bill, television bill,transportation bill payment

Financial loan repayment, insurance premium, tuition fee payment Mobile phone card, air‐time top up, games card payment Online shopping: airlines ticket purchase, e‐commerce payment

Cash in / cash out

Services to be implemented

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SALIENT FEATURES

Find Place:Cash in/Cash Out, Restaurant, café..

Fingerprint security, Device Sercurity

Fast money transfer (in 3s)

Payment commission

Automatic reminder of debt

Reset password automatically

Taxi Management System

Client management system for partners: School, electricity, water, apartment ...

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t

01‐MINUTE ACCOUNT OPENNING

REAL‐TIME MONEY TRANSFER ALL BANKS

24/7 OPERATION SYSTEM

OUTSTANDING PRODUCT

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COMPARE PAYMENT MODEL

NOW VÍ VIỆT MODEL

Invoice Invoice

Collectors House

Mon

ey

Way 1

Way 2

Way 3

Way 4

Customer

Pay By

Direct Payment (10s)

Customer

Customer

Customer

Money

200 m

Money

500 m

Money

2-5km

10s

10s

10s

Many Ways1 Way

Collectors

Liên kết phát triển Tải và cài đặt Ví Việt (miễn phí)

Collectors

Service Points

Bank

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159 LienVietPostBank1067 VnPost Point

Customer< 1 Km

Customers

BANKING SERVICE

NOW

WITH VI VIET

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>10 Km

10s

10s

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Vi Viet users Postal Transaction OfficesVi Viet merchants LPB’s Transaction Offices 

PAYMENT FLOWS OF NON-VI VIET USERS

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TRANSACTION SYSTEM

LIENVIETPOSTBANK BRANCH

LIENVIETPOSTBANK Transaction Office

TRANSACTION COUNTERS

ATM

POST OFFICEDEALER

COLLABORATORSERVICE POINT CUSTOMER

PROVINCE

DISTRICT

COMMUNE

VILLAGE

STAFF

GROUP COLLECTION SERVICE

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V ‐ DISTRIBUTION CHANNEL

At least 01 bank branch/ transaction office in each of 713 districts of Vietnam

10,800 Transaction points at nationwide postal network 

LienVietPostBank currently has the full coverage of transaction offices in all 63 cities and provinces of Vietnam.

Distribution Channel Model  Target quantity by 2020

11,000 nationwide mini shops, mini mart, household business, groceries, telecom agents, merchants etc. in every commune

Level 1

Level 2

Transaction Office

Agent  Agent

LEVEL 1 – TRANSACTION OFFICE: including LienVietPostBank’s branches and transaction offices, and post offices which all serve as cash in/cash out points and perform some other functions prescribed in Bank’s regulation and contract signed with the Bank. 

LEVEL 2 ‐ AGENT: including mini‐shops/groceries, utilities companies, telecommunication companies, etc. which serve as payment acceptance points (merchants) as well as satellite agents around Transaction Offices, developing user base and delivering Vi Viet services to customers

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VI VIET ECOSYSTEM

Vi Viet is constructed on the basis of 12 main modules,  creating a secure cashless payment environment for Customers, Merchants and Financial Institutions

• Enabling interaction with consumers                                      

• Expanding footprint of affiliated stores

• Being able to reach the Base of Pyramid

• Delivering value‐added services to the supply chain 

• Management, technical teams and system being ready for expansion 

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BENEFIT

HIGH SECURITYMONEY 

MANAGEMENT COST REDUCTION

MONEY MANAGEMENT RISK 

REDUCTIONHR EXPENSE SAVINGS

BENEFITS FOR CUSTOMERS AND PARTNERS

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ACHIEVEMENTS

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SAO KHUÊ 2017 – BEST MOBILE BANKING SERVICE IN VIET NAM

UNCDF Select funding for women project

BEST MOBILE BANKING APP

CERTIFICATE OF SAFETY FROM MISOFT, VISA, MASTER…

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HOTLINE: 1800 66 65Email: [email protected]: http://facebook.com/viviet.vn

THANK YOU FOR YOUR CO-OPERATION!

Lien Viet Post Joint Stock Commercial Bank109, Tran Hung Dao Street, Cua Nam Ward, Hoan Kiem District, Ha Noi City

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