ABBank is authorized to collect monthly power fees through its transaction offices, ATMs, online banking service, and the third party like Vietnam Post Corporation that is in turn authorized by the bank to collect power fees.
ABBank’s electricity fee collection service has already been in place in five central provinces and cities – Danang, Khanh Hoa, Gia Lai, Hue, and Quang Nam – since 2007. Total electricity fees in these five provinces collected by the bank in the first eight months this year amounted to VND1.3 trillion.
With the new cooperation agreement signed, ABBank will expand this service to the entire central region.
Nguyen Thi Ngoc Mai, deputy director of the bank, said in a statement that through its cooperation in fee collection for companies in the electricity, insurance, and telecommunication sectors, ABBank expects to contribute to raising awareness of non-cash payment among Vietnamese enterprises and households.
ABBank now has nearly 17,000 corporate and 410,000 individual clients nationwide.