Vietin Bank Selects Yalamanchili to Enable International E-Commerce in Vietnam
Financial services provider Vietin Bank has selected Indian payment services provider Yalamanchili to provide the payment processing software behind its recently launched prepaid card, which allows consumers and businesses in Vietnam to make online purchases from any website that accepts Visa.
Consumers purchase the virtual card online using their existing credit or debit card, load it with their desired amount and can then make purchases via international websites, up to the value of the card.
Vietin Bank has integrated Yalamanchili’s payment processing platform into its existing infrastructure, enabling it to create and manage the product. The Yalamanchili platform allows Vietin Bank to debit any bank account that is supported by OnePay, an online payments and financial transaction processor, which provides the payment gateway for upwards of 15 banks in Vietnam. Vietin Bank’s virtual prepaid card is therefore available to a large percentage of the banking population in the country.
Yalamanchili’s payments processing solutions are used across a range of sectors including retail, banking, transit, corporate, telco, government and healthcare.
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