Payments software provider Yalamanchili has been selected by Vietnamese bank VietinBank to provide the payment processing software for its E-Fast On Visa Prepaid Card.
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The card is a one-time-load virtual card consumers purchase online and then load with a desired amount using their existing debit or credit card.
VietinBank’s prepaid card can be used to make transactions online from any website that accepts Visa.
The integration of Yalamanchili’s payment platform into VietinBank’s existing infrastructure allows the bank to debit any bank account supported by online payments processor OnePay.
President of South East Asia & India at Yalamanchili, Ramkumar Sekar, said: "Prepaid is a key growth area for Asia with virtual and automated prepaid cards already helping businesses in the region with corporate travel and expenses management.
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By GlobalData"We are proud that the Yalamanchili payment processing platform has enabled Vietin Bank to launch this virtual card which is opening up the world of e-commerce to both consumers and businesses in Vietnam," he concluded.
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