OREANDA-NEWS. NTT DATA Corporation has made an agreement to take on VietUnion Online Services Corporation as a NTT DATA Group Company through its subsidiary NTT DATA Asia Pacific Pte. Ltd . VietUnion, a pioneer as FinTech company in Vietnam, mainly provides payment services (bill payment) through its big chain retailers such as convenience stores.

NTT DATA Group, as its mid-term management plan, has been expanding its businesses outside Japan in order to establish a global brand and to improve its local presence in other countries. Foreseeing potential growth, NTT DATA has expanded its business in payment areas primarily focusing on the APAC (Asia Pacific) region. Payment is one of the core business areas of NTT DATA.

Since 2011, NTT DATA has been investing in VietUnion - a group company of Saigon Construction Corp (SCC). VietUnion, a company trusted by the “Intermediary Payment Services License” issued by The State Bank of Vietnam, has been expanding its payment business primarily through “Payoo”. Payoo enables users to make different sorts of bill payments for almost all the big chain retailers, nearly 4,000 stores in total all over the country, such as convenience stores, ICT shops, shopping centers, and supermarkets. Payoo also makes it possible for its mobile application on smart phones and for charges via Internet banking provided by over 20 local banks. Boosting public consumption and convenience for consumers in terms of physical position of shops and time effectiveness in payment, this business has made rapid growth and already has reached a transaction volume of 1 billion USD per year. In addition, based on its advanced technological capabilities, VietUnion is also providing various software solutions such as a mobile POS system, smart-card solutions for transportation, location-based solutions for billers, and platforms for tuition fee management & collection for 1,700 schools in Ho Chi Minh city