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ECONOMYBANKING & FINANCE

VISA to help Vietnamese people access financial solutions

Updated at Tuesday, 26 Mar 2019, 10:34
The Hanoitimes - VISA expects to become a credible partner for Vietnamese government in facilitating e-payment transactions in Vietnam, according to the company’s CEO.
US-based payments tech company VISA wants to help Vietnamese people access financial solutions, said Alfred Kelly, CEO of VISA. 
 
Overview of the meeting. Source: VGP.
Overview of the meeting. Source: VGP.
VISA is expected to hold a conference on security measures for financial transactions in Vietnam this week, Kelly said in a meeting with Prime Minister Nguyen Xuan Phuc on March 25, the governmental portal reported. 

In his first ever visit to Vietnam, Kelly said he is impressed with Vietnam’s rapid economic growth, as well as the government’s vision for long-term development. 

He said VISA hopes to support Vietnam during the process of economic development, in turn realizing its socio-economic development objectives until 2045. 

As of present, VISA is working with the State Bank of Vietnam (SBV) and National Payment Corporation of Vietnam (NAPAS) for greater financial services for Vietnamese people, stated Kelly, saying he expects VISA to become a credible partner for the Vietnamese government in facilitating e-payment transactions in Vietnam. 

At the meeting, Phuc said he hoped VISA to support Vietnam in e-payment transaction and providing security measures during this process, at the same time establishing a long-term presence in the country. 

Vietnam fully supports cooperation between VISA and local partners for mutual benefits, especially when the country is pushing for the development of digital economy, e-government, smart city and applying technologies from the Fourth Industrial Revolution, Phuc added. 

Vietnam’s high economic growth rate is favorable for VISA to expand its businesses in the country, Phuc continued. 

Phuc expected VISA to voice its positive opinion to the US administration and parliament regarding potential cooperation with Vietnam and facilitate a long-term and steady growth of bilateral trade and investment. 
Hai Yen
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