The switchboard function of Banknetvn, Smartlink, VNBC are consolidating. According to this article, Smartlink and VNBC shall continue their services other than switchboard.
The "other services" include e-payment. What could this mean to the e-payment industry?
- This can buy some time for independent (i.e. non bank-based) e-payment service providers to speed up their customer acquisition.
- When freed from the switchboard business, Smartlink and VNBC can focus on providing e-payment services which would pose a threat to independent players.
All in all, I’d look forward to see more e-payment services, especially ones which connect core-to-core to banks.
Link to full article
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