VNPay

About the Customer

VNPAY – Vietnam Payment Solution Joint Stock Company
VNPay is a leading fintech enterprise in the field of electronic payments

 

Problem Statement

As of 2020, over 150,000 businesses have partnered to use VNPay at their sale points. Every month, VNPay signs more than 2,000 contracts with partners to implement the use of VNPay applications.
Sales staff (NVKD) have to bring hard copies of the contracts to each partner’s point of sale. To complete the contract signing, NVKDs have to make multiple trips.
Every month, the company has to collect all contracts from various locations and send them to the administrative department.

 

Solution

Since the beginning of 2022, VNPAY has implemented FPT.eContract to sign contracts with partners nationwide in Hanoi, Ho Chi Minh City, Hai Phong, Vung Tau, etc. Not only VNPay but also other member companies of the VNLife group like Pos365, Digilife and Sapo have started using FPT.eContract.

From February 2023, VNPay began using FPT.CeCA to authenticate contracts with major partners or high-value contracts. This helps increase the authenticity of contracts and prevent lawsuits and disputes.

Implementing FPT.eContract & FPT.CeCA helps:

  • Contract signing time reduced from 2-3 days to 5 minutes: VNPay’s signing process is conducted online. All parties involved participate in a flexible signing flow, ensuring information security and data safety.
  • Number of signed contracts reaching over 25,000 contracts: The number of signed contracts has increased rapidly. Contracts are centrally stored on FPT’s cloud platform, making them easy to access and monitor.
  • 90% savings on printing, delivery, and storage costs: The printing, transportation, and storage processes for signed contracts are streamlined, saving significant incidental costs for VNPay.
  • Electronic contract authentication process takes only 2-3 minutes: The electronic contract authentication process is quick, ensuring information security and data protection.
Img Contact

Sign up to receive the latest news from FPT IS