PayME x MB Bank: Advancing digital finance together

The partnership between PayME and MB Bank marks a significant milestone in enhancing digital financial experiences in Vietnam. Both entities aim to build a comprehensive, modern payment eco-system that meets all transaction needs for individuals and businesses.

Military Commercial Joint Stock Bank (MB Bank) is one of Vietnam’s leading commercial banks, established in 1994. With a vast network of over 300 branches and transaction offices nationwide, MB Bank offers a wide range of financial products and services, including deposits, cards, loans, investments, and payments. Committed to innovation and technology adoption, MB Bank strives to develop a modern financial eco-system that caters to diverse customer needs while promoting cashless payments across Vietnam.

 

Strategic Significance of the Partnership

The collaboration between PayME and MB Bank is more than just a merger of an advanced digital financial platform with a reputable bank. It represents a strategic move to:

• Enhance the payment eco-system: Integrating banking systems with modern payment solutions to facilitate seamless transactions.
• Promote cashless payments: Aligning with the national digital transformation strategy and driving the adoption of cashless financial solutions in Vietnam.
• Deliver comprehensive value to customers: Combining PayME’s technological capabilities with MB Bank’s extensive network and reliability to offer efficient and secure digital financial services.

 

Services Implemented in the Partnership

This partnership is not only strategic but also materializes into five superior digital financial services:

1. E-Wallet Integration

MB Bank customers can effortlessly link their bank accounts to PayME’s e-wallet. With just a few simple steps, users can make online payments, transfer funds, and conduct other digital transactions.

2. Domestic Payment Gateway

This service enables businesses to accept online payments directly from customers' domestic bank accounts. It is a crucial solution for expanding market reach and increasing revenue for business partners.

3. QR Code Payments

PayME and MB Bank have jointly introduced QR code payment solutions, providing ultimate convenience for shoppers. Customers can complete transactions quickly by scanning a QR code—no cash or cards needed.

4. 24/7 Payout Services

The payout service from MB Bank and PayME allows businesses to make bulk transfers or payments at any time, even outside business hours. This helps enterprises optimize financial operations and save time.

5. UnionPay QR Code Payment Gateway

The UnionPay QR payment gateway enables cross-border transactions, allowing customers to make payments at thousands of UnionPay-accepted locations worldwide.

The collaboration between PayME and MB Bank is not only a strategic alliance but also a shared commitment to creating an exceptional digital financial. With a comprehensive range of services, both partners aim to accelerate cashless payments and provide the most seamless transaction experiences for users in Vietnam.