Non-cash payment channels such as QR codes, mobile banks, digital banks, e-wallets and contactless payment cards are becoming more popular in Vietnam and the world.
Non-cash payment: the inevitable trend
Even though we often hear the term digital banking, many people still confuse digital banking and e-banking as one. In fact, they are completely different. E-banking usually includes services such as Mobile Banking, Internet Banking, etc. conducted via the Internet.And these are just additional development services of a traditional bank.
Meanwhile, digital banking is seen as a combination of e-banking and traditional banking. Transactions of digital banks are done mostly online. Customers do not need to go to the bank branches, and they can minimize the paperwork involved. At the same time, digital banking can be done anytime and anywhere regardless of time or space.
Digital banks promote cashless payments
Even though we often hear the term digital banking, many people still confuse digital banking and e-banking as one. In fact, they are completely different. E-banking usually includes services such as Mobile Banking, Internet Banking, etc. conducted via the Internet.And these are just additional development services of a traditional bank. Meanwhile, digital banking is seen as a combination of e-banking and traditional banking. Transactions of digital banks are done mostly online. Customers do not need to go to the bank branches, and they can minimize the paperwork involved. At the same time, digital banking can be done anytime and anywhere regardless of time or space.
The advent of digital banking has brought new experiences with countless utilities for users, which is a platform that contributes to promoting and shaping the habit of non-cash payment to user. Digital banking applications now diversify the ecosystem of products and services, bringing more comprehensive packages of utilities.
Users often trade stocks, buy and sell real estate, etc. on many different applications, and must use many services suitable to each investment channel. So the problem is that users can perform foreign exchange and all transactions right on their digital bank accounts.
EcoBank provide a brand new experience on digital banking
It is Ecoworld goal to create a digital banking platform called EcoBank. This digital bank has the ability to reach and serve millions of new customers quickly and conveniently, help users solve the problems of security, and simplify payment channels. This is an integral part of Ecoworld Inc.’s ecosystem.
Ecobank will bridge the gap between the clients and Ecoworld Inc. The model P2P,B2C will help our clients to experience fully Ecoworld’s services. It can meet users’ expectation of information confidentiality and expand its services to functions of a traditional bank.
One highlight of EcoBank is its operation based on BOT (Blockchain One Touch) platform, helping banks reduce costs, improve security and efficiency. EcoBank still maintains the existing features of an e-banking but the difference is that it can realize digital asset transactions. It is also the foundation for EcoBank to bring a whole new experience with the lowest transaction costs possible to customers.
EcoBank will connect all applications in Ecoworld ecosystem to support payments, manage transactions and wallets of customers. Ecoworld’s ecosystem does not just stop at EcoTouch and EcoGo, and there will be more than that in the future.
“The Life One Touch” event took place successfully on January 13th at Suntec City, Singapore recently. Ecoworld Inc. also brought a lot of useful and valuable information about the technology’s breakthrough to the event, which completely changed the current financial “image” as well as revealed the launching of EcoBank application in Singapore on November 2020.
Look forward to the long strides in the next development of Ecoworld towards the mission of bringing technology closer to the community and 4.0 residents in smart city, Ecoworld City, in 2023.
