# Sacombank / Sacombank Pay

> Source: https://docs.barcoder.ai/docs/wallets/sacombank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Sacombank — official](https://www.sacombank.com.vn/)

## Overview

**Sacombank (Saigon Thuong Tin Commercial Joint Stock Bank)** is **major Vietnamese private commercial bank** + **Sacombank Pay 6.8M+ downloads + active users May 2025 + 6M+ cards issued + ~96% Sacombank transactions via digital channels May 2025** <sup>[1][1], [2][2], [Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup>. **2025 baseline**: Sacombank Pay 6.8M+ downloads + active users + 6M+ cards issued + ~96% Sacombank transactions via digital channels (end-May 2025); **2025 Sao Khue Award 5-star Digital Banking** for Sacombank Pay (organized by Vietnam Software and IT Services Association VINASA); Sacombank Vietnam + Laos + Cambodia footprint; Sacombank Pay continuously updated 2025 with new features including biometric authentication + integration with various payment systems.

**Distinctive Sacombank positioning**:
- **Major Vietnamese private commercial bank**
- **Sacombank Pay 6.8M+ downloads + active users May 2025 + 6M+ cards issued + ~96% Sacombank transactions via digital channels May 2025** distinctive Vietnamese banking digital-first scale
- **2025 Sao Khue Award 5-star Digital Banking** for Sacombank Pay (organized by Vietnam Software and IT Services Association VINASA)
- **Sacombank Cashless Day 2025 participation** to promote Vietnamese digital economy
- **Sacombank Vietnam + Laos + Cambodia footprint** distinctive Indochina banking footprint
- **Dec 21 1991 Sacombank founding** as Vietnam's first private joint-stock commercial bank → distinctive Vietnamese private banking heritage
- **2017 Sacombank Cambodia subsidiary launch** + **2008 Sacombank Laos subsidiary launch**

## History

**Dec 21 1991 — Sacombank (Saigon Thuong Tin Commercial Joint Stock Bank) founded** in Vietnam → distinctive Vietnamese private banking heritage (one of Vietnam's first private joint-stock commercial banks).

**Jul 12 2006 — Sacombank IPO on HOSE (Ho Chi Minh Stock Exchange)** as first Vietnamese commercial bank listed on Vietnamese stock exchange.

**2008 — Sacombank Laos subsidiary launch** + **2017 Sacombank Cambodia subsidiary launch** → distinctive Indochina banking footprint.

**2014 — Sacombank mBanking app launches**.

**2018 — Sacombank Pay mobile wallet app launches** as Sacombank distinctive Vietnamese mobile wallet.

**End-May 2025 — Sacombank Pay 6.8M+ downloads + active users + 6M+ cards issued + ~96% Sacombank transactions via digital channels** <sup>[1][1], [2][2]</sup>.

**2025 — Sacombank 2025 Sao Khue Award 5-star Digital Banking for Sacombank Pay** + Sacombank Cashless Day 2025 participation <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank; HOSE: STB)**.

**Major shareholders**: **Various Vietnamese institutional + Vietnamese retail public float + foreign institutional** (Sacombank widely held post-2017 Trầm Bê + Sacombank restructuring).

**Regulator**: **SBV (State Bank of Vietnam)**.

## Technical integration

Sacombank mBanking app (iOS + Android) + **Sacombank Pay mobile wallet app** (iOS + Android; 6.8M+ downloads + active users; ~96% Sacombank transactions via digital channels May 2025) + sacombank.com.vn online + Sacombank cards (Visa + Mastercard + NAPAS + 6M+ Sacombank cards issued May 2025) + Sacombank Vietnam + Laos + Cambodia branch network; VietQR + NAPAS 247; **Sacombank Pay 2025 enhancements**: biometric authentication + integration with various payment systems.

## Users & growth

**End-May 2025**: Sacombank Pay 6.8M+ downloads + active users + 6M+ cards issued + ~96% Sacombank transactions via digital channels.

## Use cases

Vietnamese + Laotian + Cambodian retail + private + corporate + SME + investment banking via Sacombank mBanking + Sacombank Pay mobile wallet + sacombank.com.vn online + cards + branches; VietQR + NAPAS 247; **Sacombank Pay 2025 enhancements**: biometric authentication + integration with various payment systems.

## Implementations & partners

**Operator**: Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank; HOSE: STB).

**Subsidiaries**: **Sacombank Laos** + **Sacombank Cambodia**.

**Major Vietnamese banking competitors**: [Vietcombank (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam #1 state-controlled) + [BIDV (BIDV SmartBanking X)](https://docs.barcoder.ai/docs/wallets/bidv) (Vietnam #2 by assets state-controlled) + [VietinBank / VietinBank iPay](https://docs.barcoder.ai/docs/wallets/vietinbank) (Vietnam Big 4 + MUFG ~19.7% strategic) + [VPBank (Vietnam Prosperity Bank)](https://docs.barcoder.ai/docs/wallets/vpbank) (Vietnam #1 private commercial bank + SMBC 15% strategic + FE Credit) + [Techcombank](https://docs.barcoder.ai/docs/wallets/techcombank) (Vietnam #2 private + Masan partnership) + [MB Bank (Military Commercial Joint Stock Bank)](https://docs.barcoder.ai/docs/wallets/mb-bank) (Vietnam Military Bank) + [ACB (Asia Commercial Bank)](https://docs.barcoder.ai/docs/wallets/acb-vietnam) (Asia Commercial Bank).

**Regulator**: SBV.

## Fun facts

- **Major Vietnamese private commercial bank**.
- **Sacombank Pay 6.8M+ downloads + active users May 2025 + 6M+ cards issued + ~96% Sacombank transactions via digital channels May 2025** distinctive Vietnamese banking digital-first scale.
- **2025 Sao Khue Award 5-star Digital Banking** for Sacombank Pay (organized by Vietnam Software and IT Services Association VINASA).
- **Sacombank Cashless Day 2025 participation** to promote Vietnamese digital economy.
- **Sacombank Vietnam + Laos + Cambodia footprint** distinctive Indochina banking footprint.
- **Dec 21 1991 Sacombank founding** as Vietnam's first private joint-stock commercial bank → distinctive Vietnamese private banking heritage.
- **Jul 12 2006 Sacombank HOSE IPO** as first Vietnamese commercial bank listed on Vietnamese stock exchange.

## Comparison

| Feature | Sacombank / Sacombank Pay | [Vietcombank (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam #1 state-controlled rival) | [VietinBank / VietinBank iPay](https://docs.barcoder.ai/docs/wallets/vietinbank) (Vietnam Big 4 + MUFG ~19.7% strategic rival) | [VPBank (Vietnam Prosperity Bank)](https://docs.barcoder.ai/docs/wallets/vpbank) (Vietnam #1 private commercial bank + SMBC 15% strategic + FE Credit rival) | [Techcombank](https://docs.barcoder.ai/docs/wallets/techcombank) (Vietnam #2 private + Masan partnership rival) |
|---|---|---|---|---|---|
| Operator | **Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank; HOSE: STB)** | Vietcombank (HOSE: VCB) | VietinBank (HOSE: CTG) | VPBank (HOSE: VPB) | Techcombank (HOSE: TCB) |
| Type | **Major Vietnamese private commercial bank + Sacombank Pay 6.8M+ downloads + active users + 6M+ cards issued + ~96% Sacombank transactions via digital channels May 2025 + 2025 Sao Khue Award 5-star Digital Banking + Vietnam + Laos + Cambodia footprint** | Vietnam #1 state-controlled by assets | Vietnam Big 4 state-controlled + VietinBank iPay 2,000+ partners + 150+ features + MUFG ~19.7% strategic | Vietnam #1 private commercial bank by total assets + SMBC 15% strategic + FE Credit consumer finance | Vietnam #2 private + Masan partnership |
| Country | VN + LA + KH | VN + 5+ countries | VN + 2 countries (DE + LA) | VN | VN |
| Distinctive | **Dec 21 1991 Sacombank founding (Vietnam's first private joint-stock commercial bank); Jul 12 2006 Sacombank HOSE IPO (first Vietnamese commercial bank listed on Vietnamese stock exchange); 2008 Sacombank Laos subsidiary launch + 2017 Sacombank Cambodia subsidiary launch; 2014 Sacombank mBanking app launch; 2018 Sacombank Pay mobile wallet app launch; End-May 2025 Sacombank Pay 6.8M+ downloads + 6M+ cards + ~96% digital transactions; 2025 Sao Khue Award 5-star Digital Banking** | 1963 Vietcombank founding as Vietnam's foreign trade bank; SBV 74.8% majority | Jul 26 1988 Vietnam Bank for Industry and Trade founding | 1993 VPBank founding; Mar 2023 SMBC USD 1.5B 15% strategic | 1993 Techcombank founding |

## Status

**Active, major Vietnamese private commercial bank + Sacombank Pay 6.8M+ downloads + active users May 2025 + 6M+ cards issued + ~96% Sacombank transactions via digital channels May 2025** <sup>[1][1], [2][2], [3][3]</sup>:
- **Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank; HOSE: STB)** since Dec 21 1991 Sacombank founding + Jul 12 2006 HOSE IPO + 2008 Sacombank Laos subsidiary + 2017 Sacombank Cambodia subsidiary + 2014 Sacombank mBanking + 2018 Sacombank Pay launch.
- **Sacombank Pay 6.8M+ downloads + active users + 6M+ cards issued + ~96% digital channels transactions May 2025 + 2025 Sao Khue Award 5-star Digital Banking for Sacombank Pay**.
- **SBV regulated**.

## Sources

[1]: https://www.sacombank.com.vn/en/home/news/sacombank-news/2025/Sacombank-Pay-upgrades-to-new-version-enhancing-customer-experience-and-convenience.html "Sacombank Pay upgrades to new version, enhancing customer experience and convenience — Sacombank"
[2]: https://vietnamnews.vn/brandinfo/1689819/sacombank-pay-launches-new-version-with-standout-features.html "Sacombank Pay launches new version with standout features — Vietnam News"
[3]: https://www.sacombank.com.vn/en/home/news/sacombank-news/2025/Sacombank-joins-Cashless-Day-2025-to-promote-the-digital-economy.html "Sacombank joins Cashless Day 2025 to promote the digital economy — Sacombank"
[vn-cro]: https://docs.barcoder.ai/docs/payments/VN

- [1] [Sacombank Pay upgrades to new version, enhancing customer experience and convenience — Sacombank][1]
- [2] [Sacombank Pay launches new version with standout features — Vietnam News][2]
- [3] [Sacombank joins Cashless Day 2025 to promote the digital economy — Sacombank][3]
- <sup>[Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup> In-corpus: `reports/countries/VN-vietnam.md`

## Source

Biography extracted from [sacombank.md](https://docs.barcoder.ai/source/wallets/sacombank). See `matrix.md` for standards-support matrix if present.