Sacombank allows customers aged 15 and above to open online accounts via Sacombank Pay

With this new feature, customers aged 15 and above can complete their registration and start using Sacombank Pay by verifying their identity through VNeID level 2, eliminating the need to scan a chip-based ID card. The process is optimized for safety, security, and a seamless, user-friendly experience tailored for young users.

In addition, Sacombank Pay offers essential financial functions such as money transfers, savings deposits, mobile top-ups, shopping, and entertainment payments, enabling students to actively and securely familiarize themselves with digital banking. Notably, beyond online payment accounts, Sacombank also allows students aged 15 and above to open fixed-term savings accounts on Sacombank Pay with an additional interest rate of up to 0.9% per year, fostering habits of saving and responsible financial planning from their school years.

“Expanding the age eligibility for opening online payment accounts on Sacombank Pay not only demonstrates our commitment to product innovation but also aligns with the Government’s efforts to promote financial inclusion and national digital transformation. Sacombank believes that empowering the younger generation with early access will nurture sound financial thinking and lay a strong foundation for their integration into the digital economy,” a Sacombank representative shared.

Sacombank Pay is a standout service within Sacombank’s continuously evolving digital banking ecosystem, designed to deliver superior customer experiences. The app integrates advanced technology with high connectivity and security, enabling users to manage finances and conduct transactions quickly, anytime, anywhere.

Along with lowering the age requirement to 15, the latest version of Sacombank Pay introduces biometric authentication, instant money transfers via Zalo messages, and the ability to share credit notifications across multiple accounts, offering a more flexible and convenient user experience. Furthermore, Sacombank Pay incorporates gamification elements into its interactive features, allowing users to transact, earn reward points, and explore digital banking in a youthful and engaging way.