Mobile banking project launched for low income people, women

The Vietnam Bank for Social Policies (VBSP) on Friday launched the project Mobile Banking � Financial Inclusion and Economic Empowerment for Low Income People and Women in Vietnam - Phase 2 (Mobile Banking 2).

The project, funded by the Australian Foreign Affairs and Trade Department (DFAT), aims at enhancing and improving access to financial services for poor and low-income households, especially women-run micro-enterprises. Mobile Banking 2 will continue until 2022 in 10 cities and provinces such as Ninh Binh, Hoa Binh, Ha Giang, and Lao Cai.

Phase 2 will continue to improve SMS services to VBSP's customers to ensure that 100 percent of customers register their mobile phone number, receive and understand the content of SMS and can provide feedback to the bank. It will also focus on supporting VBSP to develop the digital financial platform with the development of technology solutions for mobile banking services.

The project will help VBSP mainstream gender issues in the planning and implementation of their programs, thus contributing to empowering women, who account for 60% of the bank's customers.

Source: VOV5