Main Point: i-Account is a unique Virtual Account for a company under KDD’s bank account in Vietnam, created for collection/prefunding, which accepts VND. We help clients set up a LocalVND wallet (can we?) to record fund transactions, and clients can initiate payouts via the wallet.

Or: i-Account is an upgraded account of LocalVND, allowing clients to prefund their wallet in multiple currencies (e.g., VNDA) and request payouts in VND.

Sub Point: Please check which one is easier to set up. The first one is the default meaning of a virtual account.

• Company name
• Director name
• Company email
• Company address

• Personal Account
• Corporate Account

Able to set a setup fee (TBC):

• Personal Account: USD 300
• Corporate Account: USD 1200

Able to set a minimum account balance (TBC):

• Personal Account: Min 10 mil VND (USD 430)
• Corporate Account: Min 50 mil VND (USD 2150)

LocalVND Account: LocalVND is like an exchange, allowing users to buy and sell crypto/fiat.

i-Account: i-Account acts like a virtual bank account for a Vietnam bank. Instead of holding a real bank account, a LocalVND wallet is created, and it tops up VNDA (instead of VND).

Targeting Groups:

• E-commerce
• Foreigners living in Vietnam
• Vietnamese people overseas
• Businesses paying salaries
• Workers for daily spending

Deposit: We provide bank account details, and users can top-up their LocalVND wallet.

Payout: Payout is done via VNPay, but merchants can initiate the payout using LocalVND.

Clients still need a Vietnam bank account to receive payouts. However:

Solution 1: Deposit other currencies (MYR, USD, SGD, HKD, THB) and convert to VNDA. Clients can request a payout anytime.

Solution 2: If the recipient does not hold a Vietnam bank account, they can register with a LocalVND account using a Tron wallet, and we will transfer the funds to their wallet.

i-Accounts accept both fiat and cryptocurrency, enabling seamless financial transactions within Vietnam and internationally.

Yes, reports are available to record all client transactions, including deposits and payouts.