On November 12, 2021, the Governor of the State Bank of Vietnam (SBV) signed License No. 74/GP-NHNN on the issuance of the License for the provision of payment intermediary services to Cititek Technology Service Joint Stock Company (Cititek). The validity of this License is 10 years, starting from the date of its signing.
Accordingly, Cititek is permitted to perform the following intermediary payment services: Online payment gateway services; Support services for collection and payment; E-wallet services.
The content of the License clearly stipulates that Cititek may only provide the services as specified in this License. When providing the permitted intermediary payment services, Cititek has to comply with the scope, subjects, functions and nature of the permitted services in line with the law.
Cititek shall be connected with an organization providing financial switching and electronic clearing services (which is licensed by the SBV) before providing intermediary payment services to its customers whose accounts are located in different banks.
Only after having met all requirements and standards as required by the organization providing financial switching and electronic clearing services, Cititek may start its connection with this organization in accordance with the law. Cititek is also responsible for supplementing in its dossier a copy of the cooperation agreement (written document) between Cititek and that organization, to be sent to the SBV for monitoring and supervision.
In the process of providing the permitted intermediary payment services, Cititek shall comply with the provisions of Decree No. 101/2012/ND-CP dated November 22, 2012 of the Government on non-cash payment and the relevant amendments and revisions (if applicable); Circular No. 39/2014/TT-NHNN dated December 11, 2014 of the SBV providing guidance on the intermediary payment services; Circular No. 47/2014/TT-NHNN dated December 31, 2014 of the SBV defining the technical requirements for the security and safety of equipment used for bank card payments; Circular No. 35/2016/TT-NHNN dated December 29, 2016 of the SBV on the security and safety in the provision of banking services on the Internet; Circular No. 09/2020/TT-NHNN dated October 21, 2020 of the SBV on the security and safety of the information systems in the banking services, as well as the relevant amendments, revisions and replacements (if applicable); and other relevant legal provisions.
The business registration code of Cititek Technology Service JSC is No. 0108748922; the company's head office is located at No. 45 Hang Trong Street, Hang Trong Ward, Hoan Kiem District, Ha Noi.
LK