25 April 2025
Vietnamese mobile operators Mobifone, Viettel, and VNPT have joined forces to combat online fraud using the GSMA Open Gateway initiative, leveraging open CAMARA APIs. This collaboration signifies the operators' commitment to building a safer digital ecosystem in Vietnam.
The MoU will see the operators collaborate with the GSMA to develop and implement APIs for crucial functions like authentication, fraud prevention, location services, device verification, and payments. This follows recent research indicating a high level of concern among Vietnamese consumers regarding financial fraud.
Mobifone and VNPT formally join the GSMA Open Gateway initiative, alongside Viettel, which already participated. This initiative brings together over 280 mobile networks globally. The operators will leverage APIs to enhance security measures, including real-time transaction verification, multi-factor authentication, and silent OTP solutions. The collaboration emphasizes close cooperation between mobile operators, banks, and fintech providers to combat scams and fraud, particularly SIM-swap fraud. The initiative aims to create a more integrated and innovative digital ecosystem, supporting fintech and e-commerce development in Vietnam. VNPT specifically aims to deploy interoperable models for cross-border transactions, contributing to a more inclusive financial ecosystem in Vietnam.
The partnership is a response to the growing threat of online fraud in Vietnam while leveraging the increasing adoption of mobile and e-wallets to facilitate economic growth. The collaboration is expected to significantly enhance digital security and support digital transformation in the country.
