UOB Vietnam has launched the UOB SME app, an all-in-one digital banking platform to meet the business and financial needs of small- and medium-sized enterprises (SMEs). The launch took place at Santori Lounge, located in Centre of District 1 in Ho Chi Minh City with lifestyle concept and intimate atmosphere that bring unique experience to Business Banking clients and partners.
(From left to right) Mr Huynh Hai, Head of Traditional Banking; Ms Nghi Nguyen, Head of Digital Banking; Mr Fred Lim, Country Head of Business Banking; Ms Quynh Pham, Head of BizSmart and Ms Thanh Nguyen, Team Head of Traditional Banking, at the launch of the UOB SME app and UOB BizSmart on 17 November 2022.
Through the platform, SMEs can check their cash flow data over historical period and get a unified view of all their UOB business accounts, with an interactive dashboard. In addition, the platform offers solutions such as loan financing options and advice on optimizing business plans, based on SMEs’ cash flow trends.
With the app, SMEs will also be able to gain access to UOB BizSmart – a suite of carefully curated business management solutions that help them drive business efficiency such as accounting and e-invoice requirements, human resource and payroll, enterprise resources planning (ERP), payment gateways and point-of-sale platforms that automate and streamline business processes.
The launch of UOB SME app reinforced the long-term commitment of UOB to support SME customers in Vietnam to growth their business and stay vigilant especially in digital economy.
Customer engagement during the launch to understand more business challenges and how UOB SME app can support growth strategies
According to ASEAN SME Transformation Study 2022 by UOB Vietnam, in collaboration with Accenture and Dun & Bradstreet, 64 per cent of local SMEs surveyed through this study expressed plans to continue digitalisation and tapping on the digital economy opportunities; and 70 per cent show their response of expect to spend more on technology across the areas of digital marketing and social media, technology and network management, operational processes, and digital sales and servicing.
Mr Fred Lim, Country Head of Business Banking announced the launch of UOB SME app in Vietnam in front of nearly 60 BB clients and partners
“SMEs make up the majority of businesses and are the backbone of ASEAN’s economies. In Vietnam, SMEs represent 98 per cent of businesses and contribute 45 per cent of local GDP. As a strategic partner to SMEs, we will continue supporting their growth ambitions with our strong regional franchise and One Bank model that helps businesses connect with and within ASEAN. The launch of the UOB SME app marks a new self-service digital banking experience for SMEs and levels the playing field for them, through digitalisation. It has been designed for SMEs to stay on top of their business and gain access to data-driven insights, to view their cash flow in real-time and to transact securely on the go.”
– Mr Fred Lim, Country Head of Business Banking, UOB Vietnam said.
For more information about UOB SME app and UOB BizSmart, please visit: uob.com.vn/uobsme.
The full ASEAN SME Transformation Study 2022 report can be downloaded at uob.com.vn/asean-sme-study-en.