ViettelPay, a subsidiary of Viettel Group this week announced that it now has more than 9 million users. The number of regular users increases 6 times compared to the end of 2018, said the Company.
The Company claims that it is the fastest growing fintech application in Vietnam in 2019 despite the number of fintech companies increased by 71% compared to 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.
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.
Pham Trung Kien, GM of Viettel Digital Services, Viettel Group
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.
