Payment Guarantee Account (PGA)

Payment Guarantee Account (PGA)

Payment account by Vietnam Dong of a intermediary payment organization opened at OCB to satisfy intermediary payment services (E-wallet, electronic money transfer,…)
Targeted customer
Organization has a intermediary payment services license provided by the State Bank of Vietnam (SBV)

Features of product

Payment Guarantee Account (PGA)
  • The opening and use of PGA shall comply with a contract / agreement between OCB and each intermediary payment organization.
  • PGA is not used for daily business payment transactions.

Benefits for customer

  • Help payment intermediary organization to manage and separate the cash flow of collection / payment and other intermediary services with their payment accounts for dailly businessactivities.
  • Help the intermediary payment organization to comply with the regulations of the SBV.

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