Notice Regarding Payment Agency Operations under Circular 07/2024/TT-NHNN dated June 21, 2024

Jan 17 2025 01:54PM

Dear Valued Client,

BPCE IOM – Ho Chi Minh City Branch (“the Bank”) would like to express our sincere thanks to you for your continued trust in our products and services.

In accordance with Circular 07/2024/TT-NHNN dated June 21, 2024, regarding the implementation of payment agency operations, BPCE IOM Bank – Ho Chi Minh City Branch is pleased to inform you of the following details related to the implementation of its payment agency operations:

  1. Information about the payment agency:
  • An Binh Commercial Joint Stock Bank (ABBank) – Ho Chi Minh City Branch
  • Transaction Offices:
    • 09 Dinh Tien Hoang, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
    • Part of the building at 178-180-182 Nguyen Gia Tri Street, Ward 25, Binh Thanh District, Ho Chi Minh City
  1. Cooperation in payment agency operations:

The branch has entered into agreements for the provision of payment and cash management services with ABBank – Ho Chi Minh City Branch under Service Contracts No. 001/HĐDV-ABB BT.19 dated August 29, 2019, and No. 001/HĐDV-ABBMK.21 dated January 17, 2022, together with any relevant amendments.

  1. Scope of payment agency operations:
  • Cash collection services at the counter and at designated locations.
  • Cash disbursement services at the counter.
  1. Term of payment agency operations:

The agreement for the provision of payment and cash management services is effective from the date of signing and will continue indefinitely until terminated by either party. In the event of termination or changes to the payment agency operations, the Bank will notify the relevant parties and clients at least three (03) months prior to the termination date.

  1. Management of payment agency points:
  • The branch’s account opened at ABBank will be used exclusively for payment and cash management purposes.
  • All payment and disbursement instructions will be controlled and processed at BPCE IOM Bank – Ho Chi Minh City Branch, and the payment agencies will act in accordance with confirmed instructions from the branch.
  • Deposited funds will be credited to BPCE IOM Bank – Ho Chi Minh City Branch’s account at ABBank.

The Bank assures that the implementation of our payment agency operations fully complies with the regulatory requirements stipulated in Circular 07/2024/TT-NHNN. Please contact our Corporate Banking Department if you have any questions or require further assistance.

Sincerely,

BPCE IOM Bank – Ho Chi Minh City Branch