TienPhong Commercial Joint Stock Bank selects BPC’s SmartVista for payments overhaul

BPC Banking Technologies, the leading provider of Open System payment solutions, today announces TienPhong Commercial Joint Stock Bank has selected SmartVista to replace their current card solution and legacy payments systems.

This will provide TPBank enhanced capabilities in all aspects of payments including full in house processing of ATM and POS transactions together with improved card issuing. The initiative will also boost the capabilities of TPBank’s award winning mobile and internet banking services.

BPC’s first customer was secured in Vietnam in 2008 and continues to be an important country as Regional expansion advances at a rapid pace. The partnership broadens BPC’s success with TPBank being the fifth customer in the country. The relationship will lead to further investment in Vietnam and expansion to the Development & Support Centre in Ho Chi Minh city.

“We want to be seen as a technology leader taking the initiative to reach the position of the number one Digital Bank in Vietnam. One of the most important things in the future will be the flexibility to offer our customers what they want, when they want it and where they need it the most. Working with BPC and implementing SmartVista will enable us to stay ahead and deliver services at the speed we need to” says Mr. Nguyen Hung, CEO of the Bank.

Rajan S. Narayan, Managing Director Asia Pacific, also said “We are extremely excited that TPBank selected SmartVista especially given their reputation for innovation in Vietnam. At BPC we innovate with over 150 clients in more than 50 countries. We are looking forward to bringing that level of experience to TPBank to help further achieve its goals. With SmartVista as their Cards and payments technology foundation this enables the bank to simplify their approach, leaving them to enhance and roll out innovative services when they want to”.

The partnership will see migration of bank’s ATM Switch and Cards platform to SmartVista and availability of enhanced services in 2015 with further roll out and enhancements early 2016.

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