The MB MultiPass is an international standard contactless payment card, enabling direct use on public transport such as buses and metros. This card reduces transaction times at ticket gates, minimizes cash usage, and boosts convenience and safety for commuters. The primary objective of this collaboration is to advance the digital transformation of transport infrastructure, enhance the user experience, and contribute to building a modern, smart city.

Representatives from Military Commercial Joint Stock Bank (MB), the Public Transport Management Center of TP HCM, and the Department of Construction at the signing ceremony, held on 23/3. *Photo: MB*.

Beyond payment functionality, users can easily manage their cards via the MB Bank app, which allows for topping up, tracking transaction history, and controlling expenditures. The solution also incorporates modern security standards to safeguard customer information and assets.

Deputy Director of the Department of Construction, Bui Hoa An, speaks at the signing ceremony. *Photo: MB*.

Bui Hoa An, Deputy Director of the Department of Construction, stated that TP HCM aims for public transport usage to reach 15-20% of total travel volume, effectively meeting resident needs. He emphasized, "convenient payment technology is a key factor" in achieving this.

"The Department of Construction believes this cooperation with Military Commercial Joint Stock Bank will establish a convenient transaction ecosystem, fostering green and modern travel habits among city residents", he added.

Ha Trong Khiem, Deputy General Director of MB. *Photo: MB*.

Speaking at the event, Ha Trong Khiem, Deputy General Director of MB, noted that the Public Transport Management Center of TP HCM and other TP HCM management agencies proactively facilitated the bank's participation in this innovation program.

"Driven by a commitment to digital transformation, MB aims to deliver optimal value, contributing to the development of a modern, civilized city. We pledge to support TP HCM's progress through convenient and practical digital solutions", he affirmed.

A bank representative stated that this collaboration with the Public Transport Management Center of TP HCM represents a concrete step in MB's strategy to advance digital transformation and sustainable development. By integrating financial technology into the transport sector, MB expects to enhance operational efficiency, reduce emissions, and foster a smart urban ecosystem in Vietnam.

Nhat Le