Services
Vietnam is witnessing a powerful shift from cash to cashless payments. This trend is becoming increasingly popular in daily activities such as shopping, dining, bill payments, and money transfers. According to statistics from the State Bank of Vietnam, ATM cash withdrawals in early 2024 decreased by 14.15% in volume and 7.84% in value compared to the same period in 2023. This indicates that consumers are gradually adapting to and favoring modern payment methods.
“The State Bank of Vietnam is implementing strong measures to promote the cashless policy, a trend that consumers are actively embracing. This change stems from two main factors: firstly, the COVID-19 pandemic has profoundly changed consumer habits, making customers accustomed to cashless payment methods. Secondly, new payment methods, especially QR code scanning, have become more popular and convenient than ever,” shared Ho Minh Tam, CEO of VietCredit.
As a rare finance company that successfully listed on the stock exchange as “TIN”, VietCredit has always been at the forefront of domestic credit card issuance, firmly focusing on technology, and boldly investing in digital transformation to take full advantage of the cashless trend.
The company has officially launched the Tin Vay brand and will soon partner with domestic and foreign partners to deploy a series of consumer loan products based on technology. These products are not only standard loan packages but are also personalized based on each customer’s financial profile and specific needs.
 “Tin Vay – 1Office” is an optimal financial solution, accompanying laborers to overcome financial difficulties.
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In July 2024, VietCredit introduced the first new-generation loan product of the Tin Vay brand, called “Tin Vay – 1Office”. This solution combines VietCredit’s digital lending platform with the comprehensive enterprise management solution, 1Office.
With “Tin Vay – 1Office”, borrowers do not need collateral but only need to provide their monthly payroll, already available on 1Office, along with some other criteria to be eligible for quick and safe loan approval.
This product is not only aimed at employees of companies using 1Office services but also facilitates enterprises in managing their employees’ finances. Customers can flexibly choose loan packages ranging from 6 to 20 million VND with repayment terms of 3, 6, or 12 months.
“Promoting cashless payments not only brings superior convenience but also helps save significant time and resources for both customers and businesses,” added the representative of VietCredit. “In a rapidly changing economic and technological environment, we always focus on providing modern consumer finance solutions that meet all the requirements and expectations of consumers. VietCredit is confident that this collaboration with leading technology platforms will deliver unique financial products that are ‘Vietnamese-style’, designed flexibly, and tailored to the specific needs of each customer group.”
In the future, VietCredit will continue to announce other potential partners, expand cooperation with leading technology and finance companies, and develop more innovative products and services. With this promising first step, VietCredit is laying the foundation for promising business results in the future.
