For a cashless society
02/2004
The Prime Minister approved the establishment of the Vietnam National Financial Switching Joint Stock Company Banknetvn.
06/2004
Mr. Le Dao Nguyen, the representative of shareholders of the Commercial Bank for Investment and Development of Vietnam, elected as Banknetvn’s BOD Chairman. Mrs. Pham Thanh Nguyet held the position of Chief Executive Officer.
07/2004
Banknetvn was granted their Operating License 06/NHNN-GP for payment service by the State Bank Governor and their Business registration Certificate number 0103004894 by the Authority for planning and Investment of Hanoi.
09/2005
Banknetvn became a member of the Vietnam Bank Card Association, an affiliate of Vietnam Bank Association.
04/2006
Mr. Pham Thanh Tan, the representative of shareholders of the Vietnam Bank of Agriculture and Rural Development, held the position of Banknetvn’s BOD Chairman. Mr. Dang Manh Pho held the position of Chief Executive Officer.
12/2009
Mr. Ngo Ngoc Dong was appointed Banknetvn’s Chief Executive Officer.
03/2010
The State Bank contributed capital to Banknetvn, in order to establish the United Card Switching Center.
04/2010
Mr. Nguyen Van Xuan, the representative of shareholders of the State Bank elected as Banknetvn’s BOD Chairman.
10/2010
The State Bank approved and nominated Banknetvn to officially become a member of the Asian Payment Network (APN).
09/2013
Mr. Nguyen Quang Minh appointed as Banknetvn’s Chief Executive Officer.
03/2014
Mr. Pham Tien Dung, the representative of shareholders of the State Bank elected as Banknetvn’s BOD Chairman.
04/2015
Banknetvn completed the merger with Smartlink Card Services Joint Stock Company. Mr. Pham Tien Dung elected as Banknetvn’s BOD Chairman. Mrs. Nguyen Tu Anh elected as Banknetvn’s BOD member and Chief Executive Officer.
10/2015
Banknetvn was granted the Operating license for providing financial switching and electronic clearing service in Vietnam by the State Bank.
02/2016
Banknetvn changed its name to National Payment Corporation of Vietnam – NAPAS.
04/2016
NAPAS launched the NAPAS National Card franchise.
05/2016
The State Bank increased its capital contribution rate, accounting for 49% of NAPAS’s chartered capital.
06/2017
Mrs. Nguyen Tu Anh elected as NAPAS’s BOD Chairman. Mr. Le Quoc Hung was appointed manager of the company’s Executive Board.
01/2018
NAPAS was authorized 3 payment intermediary services include supporting cash collection and payment, payment gateway and supporting electronic transactions.
09/2018
NAPAS received PCI DSS 3.2.1 International Security Standards Certificate.
01/2019
Mr. Nguyen Quang Hung was appointed NAPAS’s BOD member and Chief Executive Officer.
06/2019
NAPAS was elected as Chairman of the Asian Payment Network (APN) at the 15th Annual Conference.
06/2020
NAPAS officially launched the Automated Clearing House system (ACH).
09/2020
Mr. Nguyen Quang Hung was appointed NAPAS’s BOD Chairman. Mrs. Nguyen Thi Hong Quyen was appointed manager of the company’s Executive Board.
04/2021
NAPAS became a member of the Vietnam Bank Association.
06/2021
NAPAS introduced VietQR and NAPAS FastFund 247.
09/2021
NAPAS was elected as President for the 2nd term of Vietnam Fintech Club (VietFintech).
04/2022
Mr. Nguyen Quang Minh was appointed NAPAS’s BOD member and Chief Executive Officer.
05/2023
NAPAS was awarded the certificate of merit for outstanding achievements in digital transformation of the banking industry by the Governor.
08/2023
Mr. Nguyen Hoang Long - Deputy General Director, Chairman of Trade Union of NAPAS has continued to be trusted and has been re-elected to join the Executive Committee of Banking Industry Trade Union of Vietnam, term VII, term 2023 - 2028
Creative - Innovative - Reliable
04/2007
Banknetvn launched its financial switching system.
12/2007
Banknetvn established connections with 06 banks including Agribank, ABBank, ACB, SeABank, BIDV, Vietinbank.
05/2008
Banknetvn established articulation connections with Smartlink Card Services Joint Stock Company, connecting their ATM domestic card switching systems.
11/2008
Banknetvn established connections with 04 banks including GPB, VRB, OCEANBANK, WESTERNBANK, increasing the total number to 10 member banks.
07/2009
Banknetvn officially started its financial switching connection with China Union Pay (CUP).
08/2009
Banknetvn established connections with 02 banks including PGB, SACOMBANK, increasing the total number to 12 member banks.
05/2010
Banknetvn established articulation connections with Vina Brilliant Card Joint Stock Company (VNBC), connecting their domestic card switching systems. The event marked Banknetvn’s accomplishment in connecting Vietnam’s domestic card payment system.
12/2010
Banknetvn established connections with 02 banks including NAB and TRUSTBANK, increasing the total number to 14 member banks.
03/2011
Banknetvn and KFTC (Korea Financial Telecommunications & Clearing Institutes) signed an agreement on Connecting interborder ATM switching system.
05/2011
Banknetvn established connections with 02 banks including VPB and COOPBANK, increasing the total number to 16 member banks.
09/2011
Banknetvn launched its Online Payment Gateway service (Bn_debit).
01/2012
Banknetvn established connections with 02 banks including BVB and VIETBANK, increasing the total number to 18 member banks.
03/2013
Banknetvn, in conjunction with Hanoi VNPT, deployed the telecommunication payment service via Banknetvn’s Online Payment Gateway (BnDebit).
07/2013
Banknetvn’s Online Payment Gateway (BnDebit) became a partner in payment transactions with TRUSTcard prepaid VISA card.
10/2013
Banknetvn established connections with 03 banks including DAB, UOB and HDB, increasing the total number to 21 member banks.
05/2014
Banknetvn established connection with Kien Long Joint Stock Bank, increasing the total number to 22 member banks.
11/2015
Banknetvn completed settlements conversion and domestic switching system unity for banks through the State Bank’s IBPS system after the merger, providing service for 43 member organisations.
08/2017
NAPAS and South Korea’s BC Card signed an agreement on strategic cooperation, encouraging the development of cashless payments in Vietnam.
11/2017
NAPAS and Singapore’s NETS (Network for Electronic Transfers Pte Ltd) successfully tested the blockchain technology application pilot model for interborder transactions.
12/2017
NAPAS and Discover Financial Services (United States) signed an alliance cooperation agreement on connecting card switching transactions.
12/2018
Banknetvn established connections with 05 banks and 01 financial organisation including Woori VN, VIETCREDIT, IBK HCM, IBK HN, CIMB and SAIGONBANK, increasing the total number to 49 member organisations.
05/2019
NAPAS launched the Domestic Chip Card.
06/2019
NAPAS accompanied the annual events series “Cashless Day” organized by Tuoi Tre News.
10/2019
NAPAS and Russia’s NSPK announced cooperation on domestic card switching activities.
12/2019
Banknetvn established connection with Nonghyup Bank – Hanoi branch, increasing the total number to 50 member organisations.
06/2020
NAPAS accompanied the annual events series “Cashless Day 2020” organized by Tuoi Tre News for the 2nd year.
10/2020
NAPAS successfully launched connection with BC Card on international card switching service with transactions using domestic cards.
10/2020
NAPAS cooperated with Tien Phong News to organise the annual event “Vietnam Card Day”, with the theme “ Reignite inner strength after the Covid-19 crisis, encourage the development of cashless payments”.
12/2020
NAPAS established connection with and provided payment service for the National Civil Service Gateway.
12/2020
Banknetvn established connections with 04 banks including HSBC, DBS, KOOKMIN HCM and KOOKMIN HN, increasing the total number to 50 member organisations.
01/2021
NAPAS introduced Domestic Credit Card and Domestic Prepaid Card products for member banks.
01/2021
NAPAS completed the deployment of switching connections of VISA, MasterCard, JCB and UPI domestic transactions in accordance with Circular 19/2016/TT-NHNN on bank card activities.
02/2021
NAPAS cooperated with VinBus (Vingroup) to provide electronic tickets payment service on electric buses.
02/2021
NAPAS and Thailand's National Interbank Transaction Management and Exchange (ITMX) completed connection on retailing payment using QR codes between Vietnam and Thailand.
04/2021
NAPAS and VietinBank cooperated in publishing domestic chip card “2Card”.
06/2021
NAPAS introduced VietQR and NAPAS FastFund 247 via QR codes, connecting 14 member banks.
06/2021
NAPAS accompanied the annual events series “Cashless Day 2021” organized by Tuoi Tre News for the 3rd year. During this event, NAPAS signed agreements on cooperation to encourage development of domestic credit cards with 13 banks.
12/2021
NAPAS expanded VietQR NAPAS FastFund 247 network, connecting 34 banks, which accounted for 90% of the total volume.
12/2021
NAPAS and Vietnam Bank Card Association – Vietnam Bank Association issued the Regulation on Conversion of Risks Responsibility with fraudulent transactions (Regulation on responsibility conversion).
12/2021
NAPAS launched VietQR online payment method on the National Civil Service Gateway.
12/2021
NAPAS assisted banks to convert to chip cards, completing 37.09% of the total work amount.
12/2021
Banknetvn established connections with 05 banks and 02 financial organisations including FCCOM, KBANK HCM, BIDC HN, KEBHANA HCM, KEBHANA HN, MAFC and VBSP, increasing the total number to 61 member organisations.
01/2022
NAPAS accompanied the Co-operative Bank of Vietnam to develop cashless payment in rural areas.
02/2022
NAPAS cooperated with Agribank to develop the Loc Viet multifunction dual card.
04/2022
NAPAS cooperated with Tien Phong News to organised the annual event “Vietnam Card Day” for the 2nd year, with the theme “Lead the way”.
06/2022
NAPAS accompanied the annual events series “Cashless Day 2022” organized by Tuoi Tre News for the 4th year.
07/2022
NAPAS expanded VietQR service providing network to 40 units.
08/2022
NAPAS introduced VietQR at the Conference of Digital Transformation of the Banking industry.
09/2022
NAPAS and the Research and Application Center for Resident Data, Ministry of Public Security signed an agreement on deploying social security service and products, services from the national database on residents, identities and digital authentication.
10/2022
NAPAS, Viettel Digital and VNPT Media introduced transaction services between Mobile Money and bank accounts.
10/2022
NAPAS cooperated with Sacombank to introduce NAPASCombo Card, an integration between payment card and credit card, onto one single chip card.
10/2022
Banknetvn established connections with 02 banks and 01 financial organisation including SINOPAC, MCREDIT and CUBHCM, increasing the total number to 64 member organisations.
10/2022
NAPAS and BC Card signed an agreement on cooperating to encourage cashless payments in Vietnam and South Korea.
05/2023
NAPAS cooperated with MB Shinsei Finance Limited Liability Company (Mcredit) to issue domestic credit cards to provide a cashless payment ecosystem with many utilities for Vietnamese people.
06/2023
NAPAS coordinated with Tuoi Tre News to organize the annual event “Cashless Day” with the theme “Data connection, smart payment” for the fifth year.
08/2023
- NAPAS coordinated with member banks to organize the event “Launching ceremony of VietQRCash service” that marks an important milestone in completing digital infrastructure of VietQR standards.
09/2023
NAPAS coordinated with Tien Phong Newspaper to organize the annual event “Vietnam Card Day” with the theme “Breaking limits” for the third year.
12/2023
NAPAS signed the agreement for pilot implementation of bilateral retail payment connection using quick response code (QR code) between Vietnam and Laos in Luang Prabang city.
12/2023
NAPAS and ACLEDA Bank of Cambodia completed the pilot of retail payment interconnection using QR code between Vietnam and Cambodia.
