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Requirements for WMV Purse owners (Natural Persons)

  • Pursuant to the Civil Law of the Socialist Republic of Vietnam, issued by the National Assembly on 14 June 2005 and enforced on 01 January 2006;
  • Pursuant to the 2010’s Law of credit institutions and guiding documents;
  • Pursuant to the 2005’s Law of Commerce and guiding documents;
  • Pursuant to the Circular No. 46/2014/TT-NHNN of The State Bank of VietNam dated December 3, 2014;
  • Pursuant to the Circular No. 39/2014/TT-NHNN of The State Bank of VietNam dated December 11, 2014;

WebMoney Vietnam Purse (hereinafter referred to as “WMV purse”) is provided and guaranteed to issue e-money WM typed V (WMV) by Vietnam Online Service Trade Joint Stock Company, issue the requirements for the customer who use WebMoney Vietnam purse (hereinafter referred to as “WMV purse holder”) including individuals and corporations, as below:

I/ For individuals:

1) User Details and Age Restrictions

1.1) In order to use WMV purse, the WMV purse holder must provide:
  • Date of birth;
  • Mobilephone number;
  • Email address.

1.2) The WMV purse holder must be full civil legal capacity and civil behavior capacity and at least 15 years of age if he/she resides in Viet Nam or at least 15 years old if he/she is residing in other countries and is of legal age in their country of residence can creat to use WMV purse

2) Thresholds and Document Requirements

2.1) It is not required to submit identity documents if the total deposits during one calendar year to all WMV purses registered to one WM Passport do not exceed 5.000.000 WMV.

2.2) If the total the value of all transactions made to WMV purse exceed 5,000,000 WMV and during one calendar year, it is necessary to submit the following documents
  • His/her full name;
  • Sex;
  • Full residential address;
  • A valid national passport (Identity card or Passport: number; date and place of issue);
  • Submit scanned copies or photo of a valid national passport;
2.3) The holder purse can withdraw WMV, when he/she add:
  • Bank account number;
  • The name of bank and branch where your bank account was opened;
    With the information in 2.2
2.4) Requirements for the WMV purse with the high value transactions:
  • If the total deposits made to all WMV purses belonging to one passport exceed 500,000,000 WMV during one calendar year, WMV purse holder is required to confirm the personal information again, it is necessary to submit the following documents:

+ A document confirming your current place of residence
+ Other documents (if any)

  • If the total deposits made to all WMV purses belonging to one passport exceed 1,000,000,000 WMV during one calendar year, it is necessary to submit:

+ The bank statement or other documents confirming the source of funds at least is 70%/the amount of turnover;
+ Other documents (if any)

In case a WMV purse holder does not satisfy the above requirements, his/her WMV user rights may be restricted (purses may be blocked) for both incoming and outgoing transactions.