Expanding digital payment choices across Asia Pacific
Vietnam is a strategic market for foreign partners in building the future of digital payments...
Local consumers continue to embrace digital payments
Digital payments are growing in popularity among consumers in Vietnam, with wider use of online cards, mobile wallets, and QR payments last year compared to 2021, a Visa study has found.
Digital shopping and payments rising sharply
With 53 million digital consumers and seven out of ten consumers having digital access, Vietnam is among the fastest-growing market in Southeast Asia. The total value of e-commerce purchases is expected to reach $56 billion by 2026, an increase of 4.5-fold compared to 2021. The e-commerce sector grew 53 per cent last year.
VNPAY & Visa team up to enhance digital payments
VNPAY and Visa announced on February 23 the signing of a strategic cooperation agreement that will accelerate the process of digital transformation and cashless payments in Vietnam. VNPAY currently has a network of 200,000 payment acceptance points nationwide. In particular, VNPAY-QR solutions have been applied at 33 banks and in eight e-wallets, with more than 25 million users.
Digital payments rise handsomely amid pandemic
Pandemic gives a vital boost to promoting digital payments around Vietnam.