DKSH and HSBC have partnered to introduce mPay, a new cashless payment solution via bank transfer, tocustomers in Vietnam.
Media release
Ho Chi Minh City, Vietnam, August 04, 2021 – In partnership with HSBC and Payoo, DKSH, a leading market expansion service provider for companies seeking to grow their business in Asia and beyond, has launched mPay – a new digital payment solution in Vietnam. mPay has been developed based on HSBC and Payoo's tailor-made and unique Pay Transfer payment option under HSBC Omni Collect, a dynamic solution that supports businesses to provide multiple payment options on one single platform. With this partnership, DKSH has become the first business in Vietnam to offer this fully cashless payment solution to customers, enabling them to make convenient cashless transactions.
As the trusted growth partner for many companies, DKSH has continuously been investing in digital transformation to expand its digital capabilities and to provide innovative solutions to its customers. With the rise of COVID-19, digitization has become an indispensable part in adapting to the new business environment. DKSH has collaborated with HSBC and Payoo to develop the digital solution mPay to help customers make simple payments via bank transfer, while simultaneously linking them to DKSH's system for easy financial tracking and reconciliation. This helps streamline the current cash collection process, reducing manual work and processing time.
Instead of working with numerous service providers, the Omni Collect technology centralizes payment documentation as well as query management, providing a consistent service standard throughout the entire transaction process. DKSH also receives real-time notifications of payment confirmation and better visibility on transaction flows, helping to manage liquidity and cash flow more effectively, while significantly reducing operational and resource costs.
mPay is the first digital collection solution that will be first implemented in Vietnam for DKSH's Consumer Goods Business Unit, and will later be deployed to other markets in the region, such as Cambodia and Indonesia.
Jason Tan, Interim Regional Head Global Liquidity and Cash Management, Asia Pacific, HSBC, said: “We are honored to partner with DKSH in their digital transformation journey especially in Vietnam, one of the fastest growing markets in the region. It is our goal to revolutionize payments and help our clients like DKSH have a simpler, better, and more secure banking experience, especially during these challenging times when digitization, automation, and cashless transactions are even more important than ever.”
Linh Ngo, CEO of Payoo, added: “It is a privilige to offer this new Pay Transfer service to a multinational company as DKSH along with HSBC on the Omni Collect Solution. With strong local knowledge and an extensive platform enabling digital payments, we aim to reduce the manual backend work and enhance the digital infrastructure for the business. We hope this will create a better experience and thus improve the productivity for our partners.”
Jorge Martin-Martinez, Head of Country Management, DKSH Vietnam, shared: “With the accelerated need for digital transformation in the wake of COVID-19, DKSH has made continuous investments to expand its digital capabilities and to provide innovative solutions to our customers. Our partnership with HSBC and Payoo will help us drive excellence in operational efficiency, client and customer experience, and lay good ground to spearhead our digital transformation in the growing market in Vietnam and beyond.”
For further information, please contact:
DKSH Vietnam Co., Ltd.
Lý Mỹ Nhi
Branding and Communications Manager
+84 938 958 999
Nhi.my.ly@dksh.com
HSBC Bank (Vietnam) Ltd.
Mạch Nguyễn Phương Uyên
Media Relations Officer
+84 977 225 860
Uyen.n.p.mach@hsbc.com.vn