Friday, 20/06/2025
   

VNBA and CMA Small Systems talked on the payment systems solutions

On March 31, 2025, the Vietnam Banks Association (VNBA) had a meeting with CMA Small Systems AB (CMS), a Swedish company specializing in providing infrastructure solutions for the global financial market. CMA has been operating in many countries such as Indonesia, Brunei, the Philippines, Laos, Nepal, and Mongolia, providing solutions for Central Banks and Commercial Banks.

At the meeting, CMA representative, Mr. Maxim Neshcheret, Regional Director Asia-Pacific and Central Asia introduced his company and its products and services. CMA's main products include payment systems such as RTS/X (real-time gross settlement system), BCS/X (automated clearing system) and IPS (fast payment system). They also provide transaction and post-transaction solutions such as DEPO/X (custody system) and TRAD/X (transaction system), as well as integration and processing solutions.

VNBA and CMS talked on the payment systems solutions

In Vietnam, CMA has been actively involved in providing solutions for the ACH system of NAPAS and is deploying the core system for the Vietnam Securities Depository. It is expected that around August 2025, CMA will upgrade the ACH system software to meet the growing transaction demand in Vietnam, with a capacity of 20 times higher than the present.

Mr. Nguyen Thanh Son, Director of VNBA Training Center, expressed his welcome to CMA and hoped that more Fintech companies in Vietnam would cooperate and apply CMA's solutions. He also proposed to organize a joint workshop between VNBA and CMA to promote cooperation in the field of financial ecosystem development and digital payment.

At the end of the meeting, CMA representative thanked VNBA for the warm welcome and expressed his desire for close and effective cooperation in the future.

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