THE STATE BANK OF VIETNAM

Circular No. 39/2014/TT-NHNN dated December 11, 2014 of the State Bank of Vietnam guiding on payment intermediary service
Pursuant to the Law on the Sate Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;
Pursuant to the Law on credit institutions No. 47/2010/QH12 dated June 16, 2010;
Pursuant to the Decree No. 156/2013/ND-CP dated November 11, 2013 of the Government defining the functions, tasks, entitlements and organizational structure of the State bank of Vietnam;
Pursuant to the Decree No. 101/2012/ND-CP dated November 22, 2012 of the Government on non-cash payments;
At the proposal of the Director of Payment Department;
The State Bank Governor promulgates the Circular guiding on the payment intermediary services; 
Chapter I
GENERAL PROVISIONS
Article 1. Scope of application and subjects of application
This Circular provides guidelines on payment intermediary services applied for organizations, individuals related to the supply and use of payment intermediary services.
Article 2. Types of payment intermediary services
1. Provision of electronic payment facilities include:
a) Financial telecommunications services;
b) Electronic clearing services;
c) Electronic payment services;
2. Payment service support includes:
a) Collection off-payment and payment off-payment support service;
b) Money transfer support service;
c) Auto service;
Article 3. Interpretation of terms
In this Circular, the terms below are construed as follows:
1. Financial telecommunications service is the service to provide facilities ensuring the connection, transfer and handling with electronic data to perform payment transactions by ATM, POS, Internet, mobile phone and other electronic transactions among the providers of payment service and/or the providers of payment intermediary service.
2. Electronic clearing service is the service to provide facilities to perform the receipt, contrast of data and calculate the amount of money that need to be collected and paid after being cleared between participants being the providers of payment service or the providers of payment intermediary service to settle for related parties.
3. Electronic payment service is the service to provide facilities to perform the connection among units accepting payment and banks to support customers in electronic commercial transactions, paying bills and other electronic payment service.