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Foxpay e-wallet of FPT Telecom was honored with Sao Khue Award 2021

FPT News , 04-28-2021 12:14

Honored in the branch of "Accounting - Finance," FPT Telecom's Foxpay e-wallet is a comprehensive product for simplifying the payment process, financial management, integrating many services on only one application.

 This morning (April 24), the ceremony of announcing and awarding Sao Khue 2021 - The most prestigious title of Vietnam's software and IT services industry organized by the Software and IT Services Association (VINASA) Annual organization held in Hanoi. It is the 18th Sao Khue award and the 10th consecutive time that FPT Telecom has been honored.

 Previously, Dr. Mai Liem Truc, President of the Award Voting Council and 47 Board members, heard the presentation report and voted for the candidates to participate publicly according to the Regulations institutional and program evaluation criteria.

 Participating products and services are evaluated based on the following criteria: technological excellence, efficiency, market potential, ability to meet customer needs, security, and reputable brand name of the enterprise or organization that is the owner of the voting product or service.

According to the results, the Foxpay e-wallet application of FPT Telecom was voted as the best product in the software and IT industry in Vietnam in "Accounting - Finance." Participating products of FPT Telecom have met a series of award criteria; the most typical ones are efficiency, convenience in payment, and safety thanks to the comprehensive security system. Therefore, the jury of Sao Khue evaluated Foxpay e-wallet convincingly demonstrated the practical implementation efficiency in the field of digital transformation.
 
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Foxpay E-wallet is an electronic payment application installed on all mobile devices using iOS and Android operating systems. With a minimal interface design, neutral colors, the Foxpay application aims to serve customers of diverse ages. In addition, the application allows users to customize the display of the light / dark interface and the order of services prioritized for use.

 With this application, users can efficiently perform transactions such as transferring money, depositing/withdrawing money to the system of 40 affiliated banks, and paying various services. In addition, users can use Foxpay E-Wallet to pay with QR codes at more than 100,000 transaction points nationwide.
 
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Representative of FPT Telecom received Sao Khue Award 2021.
 
 Systems including Core Payment, E-commerce, and User Profile are designed according to the microservice architecture, ensuring high load capacity and fast scalability. The Core system partially applies Blockchain technology to prevent data changes, increasing security for the system.

 In addition, the system has officially been granted the Payment Card Industry Data Security Standard (PCI DSS) Level 1 by the PCI Security Standards Council, level 1 - the highest level for Payment Intermediary Service Provider. It is the highest level, usually only available to banks and international card issuers. Currently, Fox pay is one of the few payment intermediaries to achieve the PCI DSS International Security certification at this level. Thus, Foxpay's partners and customers can be completely assured of the system's security when making any transactions via Foxpay's Wallet and Payment Gateway.

 Foxpay e-wallet has applied eKYC based on OCR (Optical character recognition) technology to automatically identify ID information and apply AI (Artificial Intelligence) and ML (Machine Learning) to optimize the system's ability to recognize.


The addition and development of the Foxpay e-wallet in the ecosystem is a testament to FPT Telecom's efforts to diversify products and services to improve the quality of life and bring unlimited experiences to users.