The Governor of the State Bank of Vietnam (SBV) granted License No.34/GP-NHNN on May 15, 2017 to permit 1Pay Payment Service Limited Liability Company (1Pay) to provide intermediary payment services.
Accordingly, these services include electronic payment portal, cash collection and payment services, electronic money transfer services; and e-wallet services.
In the process of providing intermediary payment services, 1Pay is required to comply with the regulation on scope, functions, services as licensed by the SBV.
1Pay also has to comply with Decree No. 101/2012/NĐ-CP dated November 22, 2012 on non-cash payments, Circular No. 39/2014/TT-NHNN dated November 22, 2012 by the SBV on guiding the payment intermediary services, Circular No.47/2014/TT-NHNN dated December 31, 2014 on defining the technical requirements for ensuring security and safety of equipment serving bank card payment, Circular No.31/2015/TT-NHNN dated December 28th, 2015 on the assurance of information systems safety and security in banking operations, and relevant regulations.
The License comes into force from the date of signing and will be effective for 10 years.
Thoa Le