This comprehensive solution suite consists of three main components. VIB offers a trio of products designed to meet the diverse needs of businesses in terms of capital, cost management and effective payment, including VIB Business Card credit card, working capital loan package (VIB Business Loan) and VIB Business digital bank.
In addition, Visa's Business Payment Solution (BPSP) on the VNPAYB2B platform allows VIB cardholders to make payments to any payment account, even if the business has not opened the card payment acceptance feature, helping to improve cash flow and enhance spending control. In addition, VNPAY Invoice and VNeDOC provide solutions for electronic invoice management and contract digitization, helping to further optimize business operations.
Ms. Dang Tuyet Dung, Visa Country Manager for Vietnam and Laos, said: "The partnership with VIB and VNPAY brings a robust suite of financial and digital solutions to meet the specific needs of businesses. By providing advanced payment technologies and effective financial tools, we aim to empower SMEs to thrive in the digital age, optimize operations and contribute to Vietnam's economic prosperity."
Mr. Ho Van Long, Deputy General Director and Director of Retail Banking Division of VIB, said: “Deeply understanding the pivotal role of SMEs in the Vietnamese economy and the major challenges in accessing capital and financial management, VIB has designed a comprehensive set of financial solutions to accompany and bring optimal benefits to the SME community. This is an integrated financial product ecosystem, covering everything from unlocking capital sources, optimizing cash flow, to supporting digital transformation, helping businesses save time, costs and improve management efficiency as well as competitiveness for sustainable development in the new era”. Mr. Tran Manh Nam, Director of Enterprise Division at VNPAY, commented: "Digital transformation is a fast, compact and effective lever for SMEs. VNPAY's technology platform with solutions such as VNPAY Invoice, VNeDOC and VNPAYB2B plays an important role in digitizing core business operations. Integrating these solutions into the financial ecosystem of VIB and Visa will create a combined strength, helping SMEs realize digital transformation most comprehensively and effectively."
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