HO CHI MINH CITY – Timo, the first digital bank service in Viet Nam, was officially launched.
All services, including ATM cards, opening of saving accounts and payment to accounts, will be done online though mobile banking applications on smartphones or at the website http://my.timo.vn.
Money sent to Timo will be kept at VPBank to ensure security, the bank said.
All activities, including transfer of money, opening and closing accounts and account statements, are provided free.
VPBank said the company would first develop the service in HCM City and later open in Hanoi in October.