“The manner in which people manage and move money will be heavily influenced by the technology they have at their disposal. FNB recently announced its move to zero rate its banking app across all major networks, stating that data should not be a barrier to convenient and safe banking. In South Africa, the cost of data has been one of the barriers to rapid digital migration and the fact that major banks are zero rating their apps is a massive boost for consumers. The convenience of accessing a solution like eWallet via an App is absolutely critical,” he added. “As more people migrate to digital platforms to conduct their day to day banking and general lifestyle management, it’s only a matter of time before we see a major shift in how people send and receive money. The research found that embracing technology-enabled solutions is one of the factors that are vital in addressing financial inclusion. The addition and development of the Foxpay e-wallet in the ecosystem is a testament to FPT Telecom's efforts to diversify products and services to improve the quality of life and bring unlimited experiences to users.Madikiza’s view is consistent with the findings of the 2017 research by the Boston Consulting Group, titled Improving Financial Inclusion in South Africa. Thus, Foxpay's partners and customers can be completely assured of the system's security when making any transactions via Foxpay's Wallet and Payment Gateway.įoxpay e-wallet has applied eKYC based on OCR (Optical character recognition) technology to automatically identify ID information and apply AI (Artificial Intelligence) and ML (Machine Learning) to optimize the system's ability to recognize. Currently, Fox pay is one of the few payment intermediaries to achieve the PCI DSS International Security certification at this level. It is the highest level, usually only available to banks and international card issuers. In addition, the system has officially been granted the Payment Card Industry Data Security Standard (PCI DSS) Level 1 by the PCI Security Standards Council, level 1 - the highest level for Payment Intermediary Service Provider. The Core system partially applies Blockchain technology to prevent data changes, increasing security for the system. Systems including Core Payment, E-commerce, and User Profile are designed according to the microservice architecture, ensuring high load capacity and fast scalability. Therefore, the jury of Sao Khue evaluated Foxpay e-wallet convincingly demonstrated the practical implementation efficiency in the field of digital transformation. Participating products and services are evaluated based on the following criteria: technological excellence, efficiency, market potential, ability to meet customer needs, security, and reputable brand name of the enterprise or organization that is the owner of the voting product or service.Īccording to the results, the Foxpay e-wallet application of FPT Telecom was voted as the best product in the software and IT industry in Vietnam in "Accounting - Finance." Participating products of FPT Telecom have met a series of award criteria the most typical ones are efficiency, convenience in payment, and safety thanks to the comprehensive security system. Mai Liem Truc, President of the Award Voting Council and 47 Board members, heard the presentation report and voted for the candidates to participate publicly according to the Regulations institutional and program evaluation criteria. It is the 18th Sao Khue award and the 10th consecutive time that FPT Telecom has been honored. This morning (April 24), the ceremony of announcing and awarding Sao Khue 2021 - The most prestigious title of Vietnam's software and IT services industry organized by the Software and IT Services Association (VINASA) Annual organization held in Hanoi. Honored in the branch of "Accounting - Finance," FPT Telecom's Foxpay e-wallet is a comprehensive product for simplifying the payment process, financial management, integrating many services on only one application.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |