-ViettelPay is the fastest growing fintech application in Vietnam in 2019 

-ViettelPay users are allowed to deposit savings at an interest rate of over 
8%/year



ViettelPay, launched by Viettel Digital Services - a member of Viettel Group, 
is the fastest growing fintech application in Vietnam in 2019 despite the 
number of fintech companies increased by 71% compared to 2018. ViettelPay now 
has more than 9 million users; while the number of regular users increases 6 
times compared to the end of 2018. The average cash flow generated through 
ViettelPay reached VND 50,000 billion with 40 million transactions.

Among various benefits like transfer to 40 domestic banks, cash withdrawal at 
all ATMs and Viettel's service points in Vietnam, users of ViettelPay can also 
have saving account with interest rate at over 8% yearly, the highest in the 
market.

In 2019, ViettelPay's salary payment service has more than 4,000 partners with 
payment cash flow reaches nearly VND800 billion/month. ViettelPay is also 
providing fee payment service for 450 schools in 20 provinces and cities across 
Vietnam.

In 2020, the number of regular users of ViettelPay is expected to be tripled 
comparing to 2019 with 120,000 transaction points nationwide. ViettelPay's 
services will be provided with the assistance of Face ID, A.I. and eKYC 
(Electronic Know Your Customer).

Viettel's goal is to provide digital banking to everyone, everywhere. While 
certain fintechs only concentrate in urban areas, ViettelPay has invested 
nation-wide at the get-go.

Mr. Pham Trung Kien, General Director of Viettel Digital Services, a member of 
Viettel Group, said: "We want to serve more than 90 million people in Vietnam, 
regardless of who they are. ViettelPay is a personal financial product for 
everyone, including those in rural, remote and isolated areas, therefore it 
must be available seamlessly across the country."

SOURCE: Viettel Group