A bank representative stated that for businesses with a large workforce, monthly payroll is more than just a money transfer. It has become an important part of overall financial management. Recognizing this, LPBank has launched a comprehensive financial solution where payroll acts as a "connection point," enabling businesses to access the bank's financial ecosystem.

Processing payroll through the bank helps reduce errors, enhance control, and ensure information security. Utilizing the LPBank Biz digital platform, businesses can independently manage payroll, track, and reconcile transactions.

Bank staff introduce products to customers. *Photo: LPBank*

Furthermore, businesses benefit from optimized operating costs through various fee policies. Services such as domestic transfers, international remittances, online or counter payroll, account management on LPBank Biz, and digital accounts are either free or offered at reduced fees. Common payment services like electronic tax payments, 24/7 customs, and bill payments are integrated on the same platform.

Businesses that process payroll with LPBank gain access to smart financial solutions designed for effective cash flow management. These services include centralized cash flow management, collection and payment services, and products for optimizing idle capital, such as Sinh loi Loc Phat.

LPBank provides a suite of capital financing solutions tailored to each client, including loans, guarantees, and trade finance. This comprehensive package helps businesses easily access preferential loans, quickly meeting their working capital needs for production and business operations.

The bank's comprehensive financial solution helps businesses optimize operations and resources. *Photo: LPBank*

In addition to traditional banking services available at branches, LPBank emphasizes the development of multi-channel transactions. This allows customers to proactively use banking services anytime, anywhere. The bank is currently developing products and services aligned with digital transformation, applying artificial intelligence (AI) and process automation to reduce manual tasks and enhance financial management efficiency.

LPBank's comprehensive financial solutions benefit not only businesses but also employees directly. Those receiving salaries via LPBank enjoy numerous advantages, including free ATM card issuance for the first year, annual fee waivers, or free in-network withdrawals. The policy of free out-of-network withdrawals for the first two years also makes banking services more convenient.

Nguyen Hong Nhung, a human resources specialist in Hanoi, stated that by using LPBank's service package, she could easily access a loan with reasonable interest rates for home renovations. The accompanying utilities are convenient and suitable for her practical needs.

Concurrently, employees can access other financial products from the bank with various preferential policies. These include free credit card issuance, annual fee waivers for the first year, and unsecured consumer loans with competitive interest rates. Additionally, international transactions such as sending and receiving money from abroad are free or discounted, simplifying personal financial management for employees.

According to data from the State Bank of Vietnam, cashless payments in Vietnam are projected to continue strong growth in 2025. The average annual increase in the number of cashless transactions is expected to be 58,86%, with transaction volumes reaching multiple times the GDP. This indicates a clear trend towards digitalization. In this context, bank payroll, already common for many years, is entering a new phase.

A bank representative noted that as businesses increasingly focus on optimizing operations and enhancing employee experience, payroll is no longer a simple administrative process. It has evolved into a connection point between corporate financial management and the banking service ecosystem. This approach ensures LPBank's payroll service not only conveniently supports businesses with salary disbursements but also unlocks numerous accompanying financial solutions, contributing to improved operational efficiency and employee welfare in a digitized business environment.

Hoang Dan