Maritime Bank goes live with mobile banking platform from Meed

26-Nov-2016 Intellasia | Ibsintelligence | 6:00 AM Print This Post

Maritime Commercial Joint Stock Bank of Vietnam (Maritime Bank) has gone live with a new mobile banking platform from California-based Meed.

The new platform offers users a demand deposit account, a security savings account, a secured line of credit, P2P transfers and access to a “unique” rewards programme named SocialBoost. Prior to the launch at Maritime Bank, the vendor had spent two years building a “worldwide infrastructure” of member banks. Vietnam, where only 52 percent of the urban population is banked, yet smartphone infiltration is on the rise, is “primed” to adopt Meed’s solutions.

“The partnership with Meed to launch this smart financial application will provide Maritime Bank’s customers with the opportunity to experience the most user-friendly and convenient banking services,” says Huynh Buu Quang, CEO of Maritime Bank. “This is not only a breakthrough in technology but also a meaningful and practical application that helps everybody, especially young people, to easily access basic banking services, earn, save and gain financial mobility.”

Sunil Sachdev, Meed’s CEO and Chief Business Development Officer, adds that the firm is looking forward to “bringing affordable banking and payment services to those who really need it.”

Founded in 1991, Maritime Commercial Joint Stock Bank of Vietnam provides commercial banking services across Vietnam, as well as retail services, investment and loans. The bank is headquartered in Hanoi. The bank uses Silverlake Axis’ SIBS core banking system and Misys’ FusionCapital Kondor for its treasury and capital markets operations.


Category: Finance, Vietnam

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