Shinhan Bank is committed to supporting Small and Medium-sized Enterprises (SMEs) in Vietnam by offering innovative financial solutions. One of their key initiatives is to facilitate quick and transparent access to capital, thereby enhancing payment efficiency, cash flow management, and driving digital transformation within the SME ecosystem.
Diverse Payment Methods with Shinhan POS
As the digital economy thrives and consumer preferences shift towards convenience, cashless payments are becoming inevitable. Moreover, Vietnam’s 2024 tax policies have mandated the use of cashless transactions and strengthened electronic invoice management. Shinhan Bank’s introduction of POS (Point of Sale) payment services in 2025 aims to provide SMEs with a modern and convenient payment solution. This goes beyond a mere payment tool, as it empowers businesses to enhance their customer experience, build a professional brand image, and adapt to the digital transformation in modern commerce.
The Shinhan POS service supports various payment methods, including cards (Visa, MasterCard, NAPAS), NFC, and QR codes, through the Smart POS PAX A910S device. This device easily integrates with sales management software, enabling real-time revenue and cash flow tracking. Businesses signing up for Shinhan POS are offered a cashback of 0.2%/machine/month (up to VND 3 million) for the first three months, along with free installation and a 12-month warranty. As of May 2025, Shinhan Bank has successfully installed nearly 1,000 POS machines for SMEs, businesses, and private enterprises.
To promote cashless payment solutions, especially to SMEs, Shinhan Bank participated in the “Cashless Day 2025” event organized by the State Bank of Vietnam and Tuoi Tre Newspaper on June 14-15, 2025. Mr. Kim Dae Hong, Deputy General Director of Shinhan Vietnam, also shared practical experiences from South Korea in promoting cashless payments and pledged to contribute to the development of effective solutions in Vietnam.
Deputy Prime Minister Ho Duc Phoc visits Shinhan Bank’s booth at the “Cashless Day 2025” event
Optimizing Idle Funds with Free Transaction Notification Speaker
In 2024, Shinhan Bank introduced the SOHO MMDA account, specifically designed for SMEs, businesses, private enterprises, micro-enterprises, and small traders. This account type enables customers to earn daily interest based on their end-of-day balance tiers.
With a minimum balance of VND 15 million, customers can enjoy daily interest rates of up to 0.5%/year (subject to change). Interest is accumulated and paid on the third Saturday of each month. Customers maintain full flexibility in utilizing their balance while optimizing profits on idle funds.
Earn Daily Interest with the SOHO MMDA Account
To further support businesses in enhancing their operational efficiency, Shinhan launched a promotion campaign for the SOHO MMDA account from June 10, 2025, to October 10, 2025, titled “Open a SOHO MMDA Account and Experience the Ting Ting Speaker for Free.” As part of this campaign, customers who open a new SOHO MMDA account or already have one and meet the bank’s conditions (*) will be offered a free link to the Ting Ting speaker—an intelligent device that announces successful transactions with a voice notification.
Receive a Free Ting Ting Speaker Set when Opening a SOHO MMDA Account with Shinhan Bank
Participants in the program will be provided with a complimentary package, including a Ting Ting speaker, Type C charger, QR code, 4G SIM card, and free service for the first year when linked to a SOHO MMDA account at Shinhan.
By combining Shinhan’s POS service, the SOHO MMDA account, and the transaction notification speaker, businesses can create a seamless transaction ecosystem. This ecosystem encompasses quick payments, efficient cash flow management, profit optimization, and enhanced customer experience. As a result, businesses are empowered to increase their competitiveness in the era of modern commerce.
World Economic Magazine recognizes Shinhan Bank’s efforts in supporting SMEs
As of the end of 2024, Shinhan Bank has been accompanying over 5,000 SMEs, achieving a profit of up to USD 1.6 million from this segment. With a consistent strategy to expand support for SMEs, Shinhan Bank was recognized by World Economic Magazine in the “Fastest Growing Bank in the SME Business in Vietnam 2025” category. This accolade affirms the effectiveness of the financial solutions that the bank has implemented for the small and medium-sized enterprise community.
Cashless Day 2025: ACB and Over 120,000 Customers Embark on a Digital Journey
“Cash is quickly becoming a thing of the past.” At the 2025 Cashless Day event, ACB left its mark with an impressive experiential booth and a synchronized campaign across online and offline channels. The bank’s livestream garnered over 10,000 views, while the event itself attracted more than 120,000 attendees. ACB has once again proven its commitment to accompanying its customers on their digital transformation journey.
“Experience the Future of Finance with VPBank Cashless City: Revolutionizing Digital Financial Solutions on Cashless Day 2025.”
On June 14th, Cashless Day 2025, organized by the Payment Department (State Bank), Ho Chi Minh City Department of Industry and Trade, and Tuoi Tre Newspaper, among others, kicked off at the Nguyen Hue walking street. The event offered a plethora of unique and convenient digital financial experiences to its attendees.
Digital Transformation for Traditional Market Vendors: Embracing the Nation’s Digital Shift
Small business owners and traders of traditional markets are empowered with digital skills and e-commerce training. They are provided with access to advanced digital technology solutions and subsidized usage costs to expand their market reach.
The Ultimate Shield Against Cybercrime: Securing Your Accounts and Finances
The banking industry is at the forefront of the fight against fraud, employing innovative strategies to protect customers. A key tactic is the proactive collection of fake account data, creating a robust database to provide timely warnings and safeguard against fraudulent money transfers.
“Vice Premier: Cashless Payments Promote Financial Transparency”
Vice Prime Minister Ho Duc Phoc emphasized the benefits of a cashless society, stating that digital payments take only a few seconds while providing transparency in financial transactions and boosting the growth of the digital economy.
