OCB and VNPAY have launched a comprehensive digital solution for business households and MSME businesses, integrating online payments and tax submission. This initiative aims to streamline operations, reduce costs, and enhance compliance in the digital business environment.

The partnership was formalized at a signing ceremony in TP HCM on 10/3. The agreement seeks to help businesses access digital tools more conveniently, reduce operational costs, and improve efficiency. Leaders from both organizations emphasized the solution's role in supporting digital transformation.

Representatives of OCB and VNPAY leadership sign the agreement at the ceremony. Photo: OCB

A significant highlight of the collaboration is a three-year free preferential policy for the digital tax submission solution package. This program is valid until the end of 2028 and applies to customers using the comprehensive payment solution. The policy aims to reduce initial costs for business households and businesses adopting digital tools, encouraging them to easily access and gradually transition to digital management methods.

The solution, named OCB Smart Merchant, offers a variety of digital payment methods: VNPAY-SmartPOS, VNPAY-PhonePOS (which transforms smartphones into payment acceptance devices), VNPAY-QR codes, and online payment gateways. This enables businesses to accept payments from diverse sources, including domestic cards, international cards, and e-payment applications. The solution also connects directly to the business household's payment account at the bank, utilizing various cashless payment methods.

Beyond payments, the system integrates tools for tax compliance, including sales software, e-invoices, e-contracts, and digital signatures. These features assist business households and businesses in issuing invoices, storing documents, declaring, and submitting taxes as required, thereby reducing manual operations and minimizing errors.

Luong Nguyen Minh Dang, director of OCB's retail division, speaks at the event. Photo: OCB

Speaking at the signing ceremony, Luong Nguyen Minh Dang, director of OCB's retail division, stated that the bank is focusing on building a financial ecosystem that operates on a foundation compliant with legal regulations. According to him, the collaboration between the two parties can support business households and MSME businesses in gradually transitioning from manual management models to synchronized digital operations, meeting current new regulations.

Nguyen Huu Phuc, deputy general director of VNPAY, shares the direction for implementing digital payment and tax submission solutions. Photo: OCB

According to Nguyen Huu Phuc, deputy general director of VNPAY, the cooperation with OCB aims to develop simple and user-friendly solutions. These tools are designed to help business households and businesses manage operations and fulfill tax obligations more conveniently in the digital business environment.

For business households, the payment solution is built on the criteria of "easy to use, easy to manage, easy to comply." It provides attractive digital accounts valued at up to 300 million VND, with daily transfer limits of up to 30 billion VND. The system integrates tools for revenue management, e-invoice issuance, tax declaration support, and accepts payments via QR, SmartPOS, PhonePOS, accompanied by a speaker for balance change notifications.

Meanwhile, for MSME businesses (micro, small, and medium-sized enterprises) focusing on financial management and cash flow control, the payment solution offers benefits and incentives. Businesses receive attractive Opay digital accounts valued at up to 500 million VND, with daily transfer limits of up to 100 billion VND. The product supports sales management, invoice issuance, tax declaration, and integrates multiple payment methods: QR, domestic and international cards, POS, PhonePOS, and online payment gateways.

The digital payment and tax submission solution package meets the operational needs of business households and MSME businesses. Photo: OCB

According to OCB, this comprehensive solution package enables business households and businesses to manage various operational stages on a single system, from sales and payments to document storage and tax compliance. The technological infrastructure allows for real-time tracking of cash flow and financial status.

Hoang Dan