Hanoi, Vietnam, 30 March 2026 –MobiFone Digital Payments Joint Stock Company (MDP), a next-generation digital payments platform and digital infrastructure provider backed by MobiFone Telecommunications Corporation, has officially launched, marking a significant milestone in the transformation of Vietnam’s payments landscape. Headquartered in Hanoi, MDP is licensed by the State Bank of Vietnam to provide intermediary payment services, including financial switching, electronic clearing, payment gateway services, and collection and payment support. MDP has the mission to lead the development of Vietnam’s fourth-generation national payment infrastructure. Its launch lays the foundations for the next era of digital payments through a new platform that will enable seamless connectivity across banks, financial institutions, enterprises and digital ecosystems. MDP was officially launched at a ceremony in Hanoi attended by representatives from Vietnam’s Ministry of Public Security, the State Bank of Vietnam, as well as leading financial institutions, banks, technology companies, and domestic and international partners across the digital finance ecosystem. Speaking at the event, Nguyen Ngoc Canh, deputy governor of the State Bank of Vietnam, stated: “Launched at a pivotal moment as Vietnam enters a new phase of development, in line with the strategic direction set by the 14th National Party Congress, and backed by MobiFone Telecommunications Corporation, MobiFone Digital Payments Joint Stock Company is well positioned to capture emerging opportunities and accelerate its growth in the payments space. This comes as the banking sector, and the payments landscape in particular, are undergoing rapid transformation, driven by continuous innovation towards a more modern and professional economy.” MDP has already established partnerships with more than 20 member institutions, including leading Vietnamese banks and financial institutions, marking a significant step forward in building a comprehensive digital payments ecosystem in Vietnam. A collaboration with Visa, announced at the launch event, also underscored the strong endorsement MDP’s payment platform has received from global partners. Prior to its launch, MDP also signed a memorandum of understanding (MoU) with the National Payment Corporation of Vietnam (NAPAS) to explore and implement interconnection models between the switching systems, which would further contribute to a modern, synchronised, secure and flexible national payment infrastructure. Bui Son Nam, chairman of MDP emphasised: “MobiFone Digital Payments Joint Stock Company is driven by a vision to build an open and flexible payment technology platform, with strategic alliances as a key growth lever, and underpinned by our three core values: Technology, Innovation, and Trust. Technology enables us to develop modern platforms. Innovation allows us to continuously create new solutions for the market. And trust ensures that every transaction within our ecosystem is secure, transparent, and reliable.” Phan Thanh Son, CEO of MDP, said: “With a modern technology foundation and an open collaborative approach, MDP aspires to build a new digital payments infrastructure for Vietnam, one developed by Vietnamese, operated to international standards, and seamlessly connected with both domestic and global financial ecosystems. We believe that when banks, technology companies, and partners collaborate on a shared platform, Vietnam’s digital payments market will grow faster and more sustainably, while gradually enhancing the country’s position within the regional digital economy ecosystem.” Looking ahead, MDP will continue expanding its partnerships with banks, technology firms, fintech companies, and ecosystem partners to develop a diverse, convenient, and secure digital payment ecosystem for Vietnam.
