The new TWINPOS G5 52V1 has a 15-inch touchscreen and weighs seven kilogrammes. It’s easy-to-clean, with hard-disk and components easily accessible for repairs and replacements, which will help reduce time and costs in maintenance and servicing. The robust system design provides environmental durability that can support the needs of multiple retail environments.The systems will be distributed nationwide by appointed distributors Dinh Thien Co., Ltd (APEX), Digiland Co. ltd. (Digiland) and iPOS VN JSC (iPOS) to small and medium sized businesses in the food and beverage, convenience store, retail chain store and specialty shop sectors. New retail systems will come with a three year warranty, with full support service provided nationwide.“Our leading technology retail solutions will help the rapidly growing retail businesses here enhance their services to customers. The high performance G5 52V1 will enable retailers to better manage their sales, to help them focus on their … [Read more...] about NEC Vietnam launches new retail point-of-sale solution
Point of sale solutions
The company’s revolutionary iPoS system allows instant insurance sales and consultations The company last week announced that in just three months of applying its software interactive point of sale (iPoS) on the iPad for the trading of life insurance, hundreds of AIA Vietnam premier agents have adopted the new system adding more than 1,000 insurance contracts. AIA Vietnam is the first company in the Vietnamese life insurance market to apply the iPoS technology. iPoS is an interactive business supporting system developed for the iPad. The entire life insurance consultancy process, from recording client information, consultancy of insurance interests, completing profiles, to submitting them to the company can be done via the iPoS. This form of online transaction also remains highly secure thanks to the use of leading IT security solutions. With these outstanding utilities, the iPoS application underlines the firm’s commitment to developing its premier agents, and represents a … [Read more...] about AIA Life Insurance pioneer iPad point of sale platform
Berjaya Corporation Bhd's (Bcorp) joint venture in Vietnam – Berjaya Gia Thinh Investment Technology Joint Stock Company (Berjaya GTI) – launched its lottery operation in Vietnam in mid-July with its first game, Mega 6/45 Lotto Jackpot Game.BCorp hoped the jackpot game with a minimum VND12 billion (US$533,300) jackpot will excite a new generation of Vietnamese lottery players as well as create a more convenient lottery solution for existing players. "Within the first month of operations, 800 point of sale terminals for Mega 6/45 tickets will be available throughout Ho Chi Minh City with some 10,000 point of sale terminals planned nationwide within the next five years," it said in a statement at the official launch of the lottery operations.BCorp had established a partnership via a business cooperation contract with the Vietnam Computerised Lottery One Member Company Ltd (Vietlott).According to Vietlott, in Ho Chi Minh City there are only five first-level agents who … [Read more...] about 800 American-style lottery points of sales set up in Saigon in two weeks
A quest for creativity Vietnam’s hottest buzzword for 2016 must have been startups, as never before have millions of young Vietnamese been so warmly encouraged to innovate and start their own business. To show its commitment to young entrepreneurs, the Vietnamese government named 2016 as ‘the year of startups’.Under the spotlight, the passion young Vietnamese have for innovation is more evident than ever. In just a few years, these ambitious minds have come up with creative solutions for various industries within Vietnam, and brought some fresh ideas to seemingly ‘boring’ sectors.Take financial technology (fintech) as an example. According to the World Bank, 70% of the Vietnamese population remains unbanked, while the rising middle-class has more sophisticated financial needs than ever before. Vietnam Banking Forum also estimates that 38% of the Vietnamese population owns a smartphone.Young entrepreneurs have immediately identified opportunities regarding … [Read more...] about The stars of 2016’s Year of Startups
Diebold Nixdorf has been operating through both third-party business partners and direct sales for ten years and is continuing to provide hardware, software and services to its banking and retail customers. It is the only ATM manufacturer to have a direct presence in Vietnam and currently serves 32 banking customers with over 6,000 ATMs deployed across the country. Earlier this year, Deputy Prime Minister Vuong Dinh Hue signed a policy decision encouraging cash-free transactions to reduce the number of cash-based deals, improve overall electronic payment methods and control tax evasion. Under the plan, by 2020 total cash transactions would total less than 10 per cent of total market transactions. But as Vietnam treads the path between the physical and digital worlds, cash remains king as the mode of payment, though in improved and more versatile ways.With a population of nearly 95 million people, Vietnam has huge growth potential in the banking sector as it expands its services … [Read more...] about Diebold Nixdorf celebrates 10th year anniversary of direct presence in Vietnam
With an estimated 600,000 small and medium sized businesses in Vietnam today, it’s clear that operations of this kind provide opportunities for many Vietnamese people. However, this also contributes to the economy’s reliance on physical cash, as a large number of these smaller operations simply do not have the infrastructure or capital necessary to set up a point-of-sale (POS) system to receive funds electronically from cards. Because of these barriers to entry, merchants around the country are unable to access the many benefits of electronic transactions, including increased customer traffic and customer satisfaction, guaranteed payment, fraud protection, simplified accounting, better cash flow management, and decreased security risks associated with counting, storing, handling and transporting cash. Additionally, research conducted for Visa by Moody's Analytics shows that the growth in the use of electronic payment products in Vietnam added $1.2 billion (VND25 trillion) … [Read more...] about Electronic payments innovation to change the future of commerce in Vietnam
The event offers attendees hundreds of sessions showcasing new innovations the company will deliver in the coming months that will help businesses succeed in a customer-centric world. In his keynote featuring Microsoft Dynamics customers, Chobani, City Harvest, Delta Air Lines, Lotus F1 Team, New Belgium Brewery and Weight Watchers, Tatarinov called on businesses to change their approach and adopt a customer centric view to enable them to deliver meaningful customer interactions. In this era of the customer, he underscored the importance of technology combined with cultural changes in the organization as critical for businesses to gain insight into their customer’s needs and deliver experiences that help build lasting relationships. To help businesses deliver amazing customer experiences Microsoft unveiled a comprehensive set of new capabilities across its business solutions portfolio. The additions will allow organisations to take advantage of cloud services, run agile … [Read more...] about Microsoft Dynamics delivers essential business solutions through apps, devices and services
Following a robust surge in 2014, Vietnam’s Consumer Finance Market in 2015 continued to experience the fastest growth for the past 5 years. The outstanding loan balance soared from $10.5 billion in December 2014 to $15.12 billion at the end of 2015, signifying 44.1 per cent growth.Figure 1: Consumer Loan Balance ($bn), %Consumer Loans/GDP, %Consumer Loans/Loan BookAccording to StoxPlus’s analysis, the robust growth of the Vietnamese Consumer Finance Market resulted from the significant change in customer behaviour and the middle class’respectively high demand for housing loans. The transition in the borrowing behaviour of customers from borrowing from relatives, friends or the informal finance market to more formalized methods at finance companies also had a positive implication on the lending market.Despite the favourable environment, the Vietnamese Consumer Finance Market has become more and more competitive with an increasing number of participants. Indeed, the … [Read more...] about FinTech – Solution or Challenge to Vietnamese Consumer Finance companies?
HA NOI (Biz Hub) — Consumer Finance Market (CF) in Vietnam has witnessed the fastest growth in 2015 - domestic and foreign-owned finance companies in Vietnam are in a fierce competition for a slice of the consumer loans market.Following a robust surge in 2014, VietnamConsumer Finance Market in 2015 continued to experience the fastest growth for the past 5 years. The outstanding loan balance soared from US$10.5bn in December 2014 to US$15.12bn at the end of 2015, with 44.1% growth.According to StoxPlus's analysis, the robust growth of VietnamConsumer Finance Marketresulted from the significant change in customer behavior and the respectively high demands for housing loan of middle class. The transition from borrowing behavior of customers from borrowing from relatives, friends or informal finance market to more formalized method at finance companies also had a positive implication on lending market. In addition, as a result of the VND30,000 billion preferential lending … [Read more...] about FinTech – Solution or Challenge to Vietnam Consumer Finance companies?
HCM CITY (Biz Hub) — The Lac Viet Computing Corporation and Microsoft Viet Nam on June 27 unveiled a new software solution on financial accounting and office management.Running on the cloud, the new solution is a combination of financial accounting software AccNetC and Microsoft's Office 365.It is expected to offer comprehensive support to small- and medium-sized enterprises by offering simple usage and a low initial investment.According to Lac Viet, the software solution will include standard accounting reports as well as World, Excel, Powerpoint and email.The software helps company manage executive information, cash/budgets, account payables, inventory, general ledgers, cost analyses, fixed assets, managerial accounting, consolidation, cost accounting and points of sale.It has no limit on space, time or number of users, and it automatically upgrades.The fee to register is VND180,000 to VND500,000 per month.— VNS … [Read more...] about Lac Viet, Microsoft introduce new cloud solution