Vietnam's NAPAS to expand QR payment reach to China, Japan, South Korea
VietQR code payments continued to show outstanding growth, recording a 2.2-fold increase in transaction volume.
Topic: napas
Facilitating the banking industry’s shift towards Open Banking
Conference held by VnEconomy / VET and partners on December 7 provided an opportunity for banks, payment intermediaries, and service providers to discuss further advances in Open Banking.
Napas signs agreement with South Korean card company
The National Payment Corporation of Vietnam (Napas) and South Korea’s BC Card Company (BC Card) signed a cooperation agreement on October 17 in South Korea regarding non-cash payments in Vietnam and South Korea. The agreement will contribute to promoting the development of digital payments in trade as well as trade promotion and tourism between the two countries.
VNPT Money launches money transfer service
The Vietnam Posts and Telecommunications Group (VNPT)’s VNPT Money has launched a feature for transferring and receiving money using VietQR codes with 36 banks on the Napas system. This service will increase the coverage of touchless payments via Mobile Money. There are now nearly 1 million Mobile Money users.
Domestic credit cards poised for growth
Analysts believe that growth in domestic credit cards will have an impact on the development of the country’s financial sector.