[Ha Noi, 6th June 2024 ] Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) has won two prestigious Editors’ Triple Star awards at The Asset Triple A Treasurise Awards 2024 for its Certificate of Deposit Bao Loc (CDBL) product, a flexible, secure and high interest rate cash management solution, and its break-through QRCode 247 payment and collection solution for merchants in Vietnam.
The Asset Triple A Treasurise Awards recognise financial institutions and offerings that demonstrate excellence across cash management, trade finance, supply chain and risk management.
Certificate of Deposit Bao Loc (CDBL) product was named as a “flexible, secure and high interest rate cash management solution”. According to the Editors of The Asset, this is “the first in the Vietnamese market that allows customers to digitally initiate a certificate of deposit via either the mobile app or digital banking platform offering higher rates of return while at the same time retaining liquidity”. Techcombank’s CDBL product empowers business and retail customers to make profit on surplus cash, while ensuring easy access to their funds whenever needed. The product can be accesses quickly and conveniently and at the ‘click of a button’ via the Techcombank mobile banking apps and digital banking platform.
The award recognised the significant enhancements Techcombank made to the CDBL product during 2023, including lowering the minimum investment value to VND 10 million to increase accessibility. Techcombank also increased the transaction speed and simplified statement and yield calculations to enhance the customer experience through its business and retail banking apps.
Techcombank also won a special Editors’ Triple Star Award for its break-through QR Code collections solution for merchant customers. It was praised by the Editors of The Asset as an “effective solution that provides merchants a quick and simple way to collect money from buyers using the mobile apps of around 40 different banks in Vietnam”.
The award recognised several unique features of Techcombank’s QRCode 247 solution, including its integration with MerchantOne, the bank’s user-friendly merchant dashboard. This dashboard provides a one-stop shop for merchants to manage cash collections at various locations and offers real-time insights. Additionally, Techcombank is also the first bank in-market to launch instant payment notifications, ensuring cashiers get notified in real-time when a payment has been received via QRCode 247, speeding up the collection process.
Mr. Phan Thanh Son, Deputy CEO and Chief Global Transaction Services Officer at Techcombank said: “The two Editor’s Triple Star awards for Techcombank’s CDBL and QRCode 247 solutions are testament of Techcombank's pioneering position in providing merchants and SMEs in Vietnam a comprehensive suite of outstanding digital-led solutions that empower them to run and grow their business. We aim to be the bank of choice for Vietnamese business, and we will continue to bring new breakthrough solutions to our customers that help to realise our vision, Change Banking, Change Lives.”
Techcombank is one of the largest joint stock banks in Vietnam, with a vision to Change Banking, Change Lives. The Bank pursues a proven customer-centric strategy in providing a broad range of retail and corporate banking solutions and services to help financially empower its customers. With more than 13.8 million retail and corporate customers, Techcombank is committed to delivering long-lasting economic, environmental, and social benefits to Vietnam and empower its customers to reach their full potential for development.
Techcombank is also one bank with a tied commitment to delivering long-lasting economic, environmental, and social benefits to Vietnam and uplifting its customers and the community to reach their full potential. In 2023, the Bank provided more green credit to sustainability projects in Vietnam than ever before, while also supporting social initiatives with donations reaching VND 148 billion and promoting healthy living and physical fitness through support for the Hanoi and HCMC Techcombank marathons.
For contact:
NGUYEN THI THU TRANG - External communications
Email: trangntt85@techcombank.com.vn
ABOUT TECHCOMBANK
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of the largest joint stock banks in Vietnam, and a leading bank in Asia, with a vision to Change Banking, Change Lives. The Bank pursues a proven customer-centric strategy in providing a broad range of retail and corporate banking solutions and services to help financially empower its customers. Techcombank has 13.8 million retail and corporate customers, which it serves through a market-leading digital banking platform and mobile app, and an extensive network of transaction service outlets at locations across Vietnam. The Bank’s ecosystem approach, co-created through partnerships in multiple key economic sectors, adds further scale and differentiation in one of the fastest growing markets in the world. Techcombank is rated A+ by FiinRatings, Ba3 by Moody’s and BB- by S&P, which is the highest among Vietnam joint stock commercial banks.
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