PayGov is not a payment service but acts a platform to connect public service portals and single-window systems with intermediary payment service providers.
Once connected with the platform, online public service portals of ministries and local authorities will be provided with a single interface to use all the services of the intermediary payment providers.
At the same time, intermediary payment companies can provide their services to all ministries and local authorities through PayGov.
In addition to public services, PayGov can provide payment services for other utilities such as electricity, water, healthcare and education, all in the one place.
Speaking at the launch ceremony on July 24, MIC Deputy Minister Nguyen Thanh Hung said PayGov is just the beginning of a process to promote electronic payments for public services.
The Vietnamese government is aiming to raise the ratio of public services that can be delivered online to at least 30% by the end of 2020. As of June, the ratio had doubled to 14.6% from the end of last year but remained far behind the target.
The launch of PayGov is anticipated as one of the measures to accelerate the delivery of online public services and meet the above target.
The platform is also expected to help Vietnam realise the target of 50% of the population having electronic payment accounts by 2025 and 80% by 2030 as part of the national digital transformation programme.
To date, PayGov has coordinated with nine intermediary payment companies, including Napas, Viettel and VnPay and more are expected to come.
The platform has also connected successfully with the portals of the Ministry of Culture, Sports and Tourism and Quang Ninh Province and are undergoing tests with the portals of other provinces and cities such as Hanoi and Thua Thien Hue.