50 SBV’s organisations allowed to join interbank E-payment system

The State Bank of Vietnam’s (SBV) governor on December 1 issued Decision No 2934/QD-NHNN allowing 50 organisations directly under the central bank to join the interbank E-payment system.

50 member units include SBV’s Accounting and Financial Department, SBV’s representative office in HCM City and 48 SBV branches in provinces and cities nationwide.

Earlier on November 13, SBV’s governor also issued Decision No 2752/QD-NHNN allowing 10 SBV branches in provinces and cities to join this system.

With the interbank electronic payment system phase I that has been running since May 2002, banking industry has built a modern payment system with modern technology infrastructure and international standards. The interbank E-payment system phase I was managed and run by the central bank with the participation of SBV’s seven organisations including five SBV branches in provinces and cities of Hanoi, Hai Phong, Da Nang, HCM City and Can Tho. Provincial payment treatment centres that were carried out in phase I will be upgraded to be regional payment treatment centres in the interbank E-payment system phase II.

Under the Decision No 2751/QD-NHNN dated November 13, 2008 by SBV’s governor, from November 18, the central bank officially started running the interbank E-payment system phase II to replace the phase I system.

With allowing 50 SBV organisations to join the system, this payment system has been connected to 63 SBV branches in provinces and cities throughout the country with all credit institutions and more than 1,500 first grade branches.

When joining the system, the opening up of accounts of these participants must comply with Dispatch No 876/CV-KTTC6 dated June 28, 2002 by SBV’s governor.

 

Category: Finance