SACOMBANK brings digital finance closer to everyday life

Mr. Pham Duc An, Member of the Party Central Committee and Governor of the State Bank of Vietnam, together with the delegation, visits the SACOMBANK booth and learns about the Bank’s digital transformation journey.

Specifically, the Bank has officially launched the SACOMBANK OPEN API platform, enabling secure connections between the banking system and third parties. Customers can therefore open payment accounts, apply for cards, use collection services, perform automated reconciliation and more directly through digital platforms such as partner websites and apps integrated with SACOMBANK OPEN API, helping save time and enhance the customer experience.

In addition, the Bank continues to invest actively in technology, viewing it as a core driver of stronger risk management capabilities, competitiveness and operational flexibility. One significant milestone was SACOMBANK’s successful upgrade of its Core Banking system, T24, to R25 – the latest version globally in April 2026. The upgrade has enhanced transaction processing speed and security while creating greater capacity for the development of new financial products and services.

Mr. Luu Danh Duc – Deputy CEO of SACOMBANK – shares insights with the delegation at the SACOMBANK booth.

At the same time, the Bank is focused on building a digital banking ecosystem that is convenient, seamless and capable of meeting diverse financial needs. Through the SACOMBANK PAY digital banking app, customers can access a wide range of transaction and payment services on a single device, from checking account balances and transferring money to scanning QR codes, paying bills and shopping. Notably, SACOMBANK is among the pioneering banks working with NAPAS to deploy VietQR Global, a cross-border QR payment solution in China, South Korea, Thailand, Singapore, Cambodia and Laos.

With this solution, Vietnamese travelers can easily scan QR codes to make payments overseas directly through the SACOMBANK PAY app, while international visitors can likewise scan QR codes to make payments in Vietnam using the apps they use in their daily lives. This seamless consumption experience not only contributes to the development of domestic tourism but also creates opportunities to increase revenue for retailers, individual business owners and household businesses in Vietnam.

Mr. Nguyen Hoang Hai – Deputy CEO of SACOMBANK – shares insights into SACOMBANK’s digital transformation journey

Beyond shopping transactions, SACOMBANK continues to apply technology to optimize cash flow and improve financial management efficiency for customers. A notable example is Sinh Lời Tài Lộc on SACOMBANK PAY, a solution that helps optimize idle funds in payment accounts through an automatic return mechanism. Customers can set a desired balance to maintain for their transaction needs, while the remaining funds are automatically optimized by the system, enhancing cash flow efficiency while maintaining payment flexibility.

Alongside solutions for individual customers, SACOMBANK’s digital transformation is also expanding into business operations, particularly the operational and cash flow management needs of household businesses and small and medium-sized enterprises.

Solutions such as QR/POS payments, payment speakers and sales management software are integrated to make it easier for business owners to process transactions, manage revenue and monitor cash flow. Digitizing these activities also helps optimize operations, supporting household businesses and enterprises as they gradually adapt to an increasingly digital and constantly evolving market.

Mr. Luu Danh Duc – Deputy CEO of SACOMBANK – introduces the integrated payment solutions on SACOMBANK POS terminals to the delegation.

From its technology platform to financial products, services and solutions, SACOMBANK is gradually bringing digital offerings deeper into people’s everyday lives in a way that is accessible, simple and easy to use.

Going forward, SACOMBANK will continue to accelerate innovation, invest in technology and develop convenient financial solutions, with the goal of becoming a modern retail bank that grows prudently, efficiently and sustainably.

Mr. Pham Anh Tuan (fourth from left) – Director General of the Payment Department, State Bank of Vietnam – takes a commemorative photo with representatives of SACOMBANK’s Executive Board, including Mr. Loic Faussier – CEO of SACOMBANK.