BIDV receives Best Merchant Service award for second

Hong Hanh

BIDV receives Best Merchant Service award for second year running

Mrs. Nguyen Thi Quynh Giao, Senior EVP (second from right), and leaders of BIDV Card Center hold the Best Merchant Service award plague

On 12 August, BIDV was honoured to once again receive the “Best Merchant Service in Vietnam” from The Asian Banker.

The Asian Banker spoke highly of the value of BIDV’s payment solutions. Over the past three years BIDV has been among the pioneering banks to offer breakthrough and market-leading card payment acceptance services by applying advanced technology. The bank developed a variety of products in order to meet the demands of multi-channel payments including POS/mPOS payment service, e-Merchant service, QR payment and non-cash hospital fee payment. All of these provide a different user experience and are tailored to different types of businesses.

BIDV also provides cashless payment solutions in line with market trends, helping customers better manage their cash flow as well as optimising costs and minimising the risk of counterfeit money and virus transmission during the pandemic. The bank has invested in research to develop solutions on the basis of digitising and maximising digital technology, improving its competitiveness in the Vietnamese market and helping to attract more potential clients.

Mrs. Nguyen Thi Le Thuy, deputy director of BIDV Card Centre, commented: “BIDV is committed to continuing to launch hi-tech services and applications towards sustainable development, bringing maximum benefits to consumers, businesses and society as a whole.”

Since its establishment over 60 years ago, BIDV has grown into one of the country’s leading financial institutions, maintaining its position as the largest commercial bank by assets and amongst the top four banks with the largest card payment volume. The bank has received the prestigious "Best Merchant Service in Vietnam” award for two consecutive years, affirming the effort put into researching and launching advanced solutions to meet the diverse needs of businesses.

The Asian Banker, based in Singapore, is the region’s most authoritative provider of strategic business intelligence to the financial services community. Its business revolves around three core business lines: publications, research services and forums.