On August 23, 2019, the Governor of the State Bank of Vietnam (SBV) issued License No. 87/GP-NHNN allowing FINVIET Company Limited to perform the operation of providing intermediary payment services.
Accordingly, the licensed intermediary payment services performed by FINVIET Company Limited include: Online payment gateway services; Support services for collection and payment; E-wallet services.
The License indicates clearly that: FINVIET Co., Ltd. may only provide the services specified in this License. When providing these intermediary payment services, FINVIET Co., Ltd. must comply with the scope, subjects and nature of the services licensed in compliance with the law.
FINVIET Co., Ltd. shall be connected to an organization providing financial switching services and electronic clearing services (permitted by the SBV) when providing the intermediary payment services to customers who have accounts in more than one banks. When having received the demand and met the requirements and standards as determined by the set of technical standards promulgated by an organization licensed by the SBV to provide financial transfer services and electronic clearing services, FINVIET Co., Ltd. shall be connected to this organization in accordance with the law. Moreover, FINVIET Co., Ltd. is responsible for submitted a copy of the cooperation document (dossier) between FINVIET Co., Ltd. and this organization to the SBV for monitoring and supervision.
In the process of providing the licensed intermediary payment services, FINVIET Co., Ltd. must comply with the provisions of Decree No. 101/2012/ND-CP dated November 22nd, 2012 of the Government on non-cash payments; Circular No. 39/2014/TT-NHNN dated December 11th, 2014 of the SBV providing guidance on the intermediary payment services and the related amendments and revisions; Circular No. 47/2014/TT-NHNN dated December 31st, 2014 of the SBV defining the technical requirements for confidentiality and safety of the equipment used for bank card payments; Circular No. 18/2018/TT-NHNN dated August 21st, 2018 of the SBV providing for the assurance of the information systems’ safety and security in banking operations; Circular No. 35/2016 dated December 29th, 2016 of the SBV on the safety and confidentiality over the provision of banking services on the Internet; and other relevant legal provisions.
This license is valid for 10 years and is effective from the date of signing.
FINVIET Co., Ltd. business identity code is 0313872136, and its head office is located at 9th Floor, Hoang Viet Building, Ward 4, Tan Binh street, Ho Chi Minh City.
Le Hang