Cake by VPBank has launched Vietnam's first fully cloud-based Card Management System (CMS) in collaboration with Visa. This innovative solution, which utilizes Visa Cloud Connect on Google Cloud infrastructure, marks a significant advancement in payment processing in Vietnam.
The cloud-based CMS is the first of its kind in Vietnam and allows financial institutions to securely access the Visa network through a cloud-based infrastructure, streamlining and accelerating the connection to Visa's global payment network. This advancement benefits a wide range of businesses, from fintech startups to established enterprises, by enhancing operational capabilities and reducing costs associated with traditional data center overheads.
The collaboration between Cake and Visa aims to empower Vietnamese businesses with cutting-edge technologies that promote operational efficiency and cashless payment systems. The partnership also highlights Visa's commitment to fostering fintech innovation and financial inclusion in the region.
Cake's platform, built on a modern architecture, leverages Google Cloud's offerings to deliver a seamless payment experience. The recent launch of Vietnam's first disposable virtual debit card on this platform demonstrates Cake's commitment to innovation, with more debit and credit card products expected in the future.
The integration of Visa's payment expertise with Cake's innovative approach and Google Cloud's secure infrastructure provides comprehensive financial solutions that prioritize excellent customer experiences. This collaboration reinforces Cake's position as a leader in the digital banking sector and aligns with the bank's motto of making financial services "Easy as Cake."
By embracing cloud-based solutions, Cake is modernizing its operations and contributing to the goal of promoting financial inclusion and innovation in Vietnam.