The State Bank of Vietnam (SBV) granted License No. 19/GP-NHNN on January 18 to permit ZION Co., Ltd. to provide payment intermediary services.
ZION Co., Ltd. is required to comply with Decree No. 101/2012/NĐ-CP dated November 22, 2012 on non-cash payment, Circular No. 39/2014/TT-NHNN dated December 11, 2014 on guiding payment intermediary services, Circular No. 47/2014/TT-NHNN dated December 31, 2014 on technical requirements for security of bank card payment equipments and relevant regulations.
The License took effect from the date of signing and is effective for 10 years.
LH