This noteworthy achievement underlines MB's strategic commitment to the development of customer-centric financial applications, including the highly popular MBBank App and the BIZ MBBank platform.

Data.ai recently disclosed the much-anticipated annual rankings for Vietnam's financial app publishers. MB triumphed over its contenders, thanks to its suite of financial applications that prioritise user convenience.

M_Service and VNPay followed suit, securing the second and third spots respectively. The rankings also honoured five other banking entities in Vietnam: VPBank, Vietcombank, Techcombank, BIDV, and Vietinbank.

According to a Data.ai spokesperson, the selection of the top 10 was premised on two critical parameters: a tally of the number of financial application downloads on both iOS App Store and Google Play in 2022, as well as the DNA metrics as of June 1, 2023.

A forerunner in AI-driven unified data analysis, Data.ai aggregates consumer data and market forecasts, providing comprehensive insights into the evolving market trends. It is a trusted data source for industry giants like Apple, Forbes, Bloomberg, and Financial Times, and has been recognising and celebrating companies achieving significant advancements in mobile services since 2012.

MBBank App: an established favourite

The MBBank App has consistently made waves in the market over recent years, marking its presence in Vietnam's favourite App Store applications from 2020 to 2022. The app swiftly adopted modern payment trends, enabling customers to execute rapid transactions using VietQR codes. Specifically, for small-scale traders, MB introduced numerous exclusive features in the MBBank App, such as balance sharing via VietQR, efficient order management, and ultra-fast loan applications.

Furthermore, the MBBank App has emerged as a professional tool in asset and real estate management. Its Wealth Management feature allows investors to engage with a diverse financial ecosystem that includes stocks, bonds, and fund certificates, all with high-level security measures in place.

For those interested in real estate, the Landstock function within the MBBank App makes nationwide land price references easily accessible. Providing instant results, available anytime, anywhere, and at no cost, Landstock has become an indispensable aid for those exploring the real estate market.

BIZ MBBank: paving the way for intelligent corporate financial management

The digital BIZ MBBank platform for corporate clients is unmissable. With robust features such as online account opening, a Letter of Credit consultation, credit limit approval, and international transfers, BIZ MBBank has significantly simplified the financial management process for businesses by digitising transaction operations, thus eliminating the need for in-person bank visits.

In response to the State Bank's appeal for commercial banks to continue reducing loan interest rates to support businesses, MB has launched a policy offering a 2 per cent reduction in interest rates for businesses opting for online loans via the BIZ MBBank platform. This measure, targeted at businesses with revenues below VND100 billion ($4.2 million) and credit limits at MB, is designed to mitigate the difficulties posed by increasing market lending rates.

BIZ MBBank offers businesses the ability to request a credit limit and receive automatic approval within two business days. Clients can independently execute online disbursement transactions to avail themselves of an annual interest rate discount of up to 2 per cent. Beneficiaries receive funds promptly after clients sanction the transactions on the BIZ MBBank platform.

Through the digital BIZ MBBank platform, MB has demonstrated its commitment to streamlining procedures and optimising time for businesses to access capital.

This significant endeavour embodies MB's ambition to offer exceptional digital financial experiences to its customers, reducing paperwork, simplifying processes, and importantly, delivering substantial cost savings for businesses.